Spire Healthcare share price rises after it selling stake to South Africa’s Mediclinic June 22, 2015 Spire Healthcare shares rose 9.4 per cent to 350 pence per share today, propelling it to the top of the FTSE 250, after South African rival Mediclinic bought a stake in the private health firm from private equity firm Cinven. Remgro, a major shareholder of South Africa's Mediclinic, bought a 29.9 per cent stake from Cinven for 360 pence [...]
Cinven sells off £136m stake in Spire Healthcare April 14, 2015 SPIRE Healthcare shares slumped yesterday after private equity backer Cinven shrunk its stake further by placing £136.4m of shares with investors. The placing, priced at 340p, represented a hefty discount to Spire’s 367p closing price on Monday night. Shares closed down more than 10 per cent yesterday, reflecting the lower placing price. Private equity outfit [...]
Spire earnings forecast up after healthy trading January 13, 2015 Spire Healthcare Group yesterday upgraded its revenue expectations for the year after strong trading in the fourth quarter. It added that it expected earnings for the year to increase on the back of the contribution from the St Anthony’s Hospital acquisition. Spire said its trading in the fourth quarter was positive, meaning it now expected [...]
All is well at Spire Healthcare as shares rise on thriving revenues August 28, 2014 Spire Healthcare saw its shares jump up 7.7 per cent yesterday, as it reported a solid rise in revenues in the first half of the year, in its first results since floating last month. Revenue at Spire, which runs 39 private hospitals and 13 clinics in the UK, rose 10.5 per cent in the first [...]
Spire Healthcare set for float at bottom end of price range July 16, 2014 Private health firm Spire Healthcare yesterday opted for the lower end of its previously published share price range for its imminent stock market float in London. One week ago, Spire announced a wide spread for the price range – from 210p to 300p, but is now looking at 210p to 220p, according to people closely [...]
Spire Healthcare lays out price range amid Bupa contract talks July 7, 2014 The UK’s second biggest private hospital chain Spire Healthcare set a 210p to 300p per share price range yesterday on its looming stock debut. The group, made up of 39 private hospitals and 13 clinics, is hoping to raise £315m from investors in the share issue to cut debts and provide an exit route for [...]
Spire Healthcare announces IPO price range at 210p to 300p July 7, 2014 Spire Healthcare Group has revealed its initial public offering price range at 210p to 300p per share, valuing the company at a little under £1bn. The final pricing is expected to be announced around 18 July. With 45 per cent of the company set to be listed, Spire is hoping to raise gross proceeds of [...]
Surgeons make the cut in Spire Healthcare share sale proposal June 25, 2014 The UK’S second biggest private healthcare provider, Spire Healthcare, yesterday unveiled plans to raise £315m by selling shares to investors – including its own doctors and surgeons. The company, owned by private equity group Cinven since 2007, will give 7,000 employees, including 3,500 surgeons, the chance to buy shares in lots ranging from £500 to [...]
Spire Healthcare announces IPO June 25, 2014 Spire Healthcare Group has announced its intention to float on the London Stock Exchange. The private hospital group's offer will include a proportion of new shares worth approximately £315m. Thye money raised will be used to pay off debts and cover the listing cost. The announcement follows the decision of Spire's private equity owners to [...]