Private hospital operator Ramsay Health Care is seeking to buy growth in the UK with the $1.8 billion purchase of Spire Healthcare. But it must navigate a strict competition review that will delay synergy benefits for a year.
Ramsay Health Care chief executive Craig McNally says he has been working on the takeover of Spire Healthcare Group in the UK for about 10 years.
COVID-19 presented the opportunity to buy the business for $1.8 billion and more than double the size of Ramsay’s hospital network in the UK.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
