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Spire Healthcare completed the acquisition of Vita Health from ARCHIMED for £74m.

Synopsis

Spire Healthcare, a healthcare group, completed the acquisition of Vita Health, a provider of mental and physical health services, from ARCHIMED , an investment firm, for £74m ($90m). "Vita addresses two of the main reasons for long-term illness and absence from work in the UK: mental health issues and back and joint pain. This acquisition complements our existing business and aligns well with our strategy of developing new services and moving into adjacent markets. The addition of Vita means that we are now able to meet people's physical and mental health needs. Vita fits closely with the services we offer to corporate customers and gives us a good springboard for future growth. With its outstanding patient feedback, strong track record in winning contracts and proven management team, Vita is an excellent addition to our business and I look forward to welcoming our new colleagues to Spire," Justin Ash, Spire Healthcare CEO.

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