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New Deal


Announced

Completed

LycaHealth completed the acquisition of a majority stake in KIMS Hospital from Magnetar for £140m.

Financials

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Transaction Value£140m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Single Bidder

Private Equity

Domestic

Acquisition

Friendly

hospital

Health Care Facilities

Private

Completed

Majority

Synopsis

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LycaHealth, a provider of health care services, completed the acquisition of a majority stake in KIMS Hospital, a private hospital, from Magnetar Capital, a hedge fund, for £140m ($188m). "With the support and backing of LycaHealth, we have an excellent opportunity to build on our success to date. As the largest independent hospital in Kent, we play a critical role supporting the local community, both as a provider of outstanding healthcare and as a local employer, with over 400 employees. In partnership with LycaHealth, we have a fantastic opportunity to expand our healthcare provision across Kent, meeting the needs of local people,” Simon James, KIMS Hospital CEO.

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