Circle Health completed the acquisition of BMI Healthcare for c. $2bn.

Circle Health, a provider of medical and health care services, completed the acquisition of BMI Healthcare, Britain’s most prominent private hospital chain, for c. $2bn. The acquisition of BMI Healthcare, which is expected to be signed in December, is a significant expansion for the much smaller Circle Health, which has been owned by Toscafund and Penta Capital since it was delisted in 2017. The sale will create a UK private hospital giant with combined annual revenues of almost £1bn ($1.3bn) and 57 hospitals overall.