Australian hospital operator Ramsay Health Care on Wednesday, May 26, stated it would buy British peer Spire Healthcare Group for £1 billion (US$1.42 billion) to strengthen its healthcare business in the country, reported Reuters.
Spire announced in a joint statement with Ramsay that the parties had reached an agreement on the terms of the deal, and recommended that shareholders vote in its favor.
London-listed Spire, which has major contracts with Britain’s state-backed National Health Service healthcare network, has been hit by a drop in routine patient visits to hospitals during the COVID-19 pandemic, and had already been suffering from fewer referrals to private hospitals before then.
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