Spire Healthcare shares jump 3% on £1.03 billion takeover deal
On Monday, shares of Spire Healthcare (LON:SPI) advanced more than 3% to 245.5 pence, reaching a one-year high.
The UK-based private hospital operator has agreed to be acquired by a consortium that includes funds managed by Toscafund, Three Hills, and Ares. The deal places a valuation of approximately £1.03 billion ($1.39 billion) on Spire Healthcare's share capital.
According to the agreement's conditions, Spire Healthcare shareholders will receive 250 pence in cash per share.
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