Priory sells for £925m as first major deal of 2011 closes

The year kicked off to an explosive start with the conclusion of the long mooted Royal Bank of Scotland (RBS) sale of mental health, elderly care and specialist education provider Priory Group for a price tag thought to be £925m.The deal, equivalent to an unconfirmed 9.25 times reported EBITDA of £100m for the year ending…