Ramsay makes £1bn cash offer for UK Spire Healthcare Group

Ramsay Health Care has agreed with the Spire Healthcare Group board terms of a recommended all cash offer of 240 pence per share. The transaction values Spire at approximately £1.0bn (US$1.41bn), a premium of around 24.4% to Spire’s closing share price on May 25 and a premium of 47.6% to the 180-day VWAP. The Spire…

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Nick Herbert
Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.