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

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.