Australia’s Ramsay Health Care To Buy UK’s Spire For $1.4B

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.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.