Essential reading for the healthcare business
 
 
Remember me:
Skip Navigation LinksHealthInvestor article
Tenet Healthcare acquires Aspen Healthcare for $215m

Dallas-based Tenet Healthcare has acquired UK private hospital operator Aspen Healthcare from Welsh, Carson, Anderson & Stowe for a cash consideration of $215 million (£144 million).

Tenet said the acquisition is expected to close in the third quarter of 2015, and that it offered “an attractive opportunity” to enter the UK market.

There had been a rise in demand for private healthcare in the UK, the firm said, because of “demographic changes, growth in consumer healthcare spending, and increasing opportunities to work with and support the National Health Service”.

Tenet has also agreed to purchase Dallas-based United Surgical Partners International, which was Aspen Healthcare’s parent company until 2012, over a five-year period.

Tenet president and chief executive Trevor Fetter said: “Aspen Healthcare has achieved a strong track record of performance under Welsh Carson’s ownership, and their significant and smart capital investments in recent years have positioned the company to drive additional robust growth in the future.”

Tenet was advised on both transactions by JP Morgan and Lazard. Gibson, Dunn & Crutcher was legal advisor to the firm. Candesic also advised Tenet on the acquisition of Aspen Healthcare.

Barclays and Goldman Sachs were financial advisors to Aspen Healthcare.

Aspen operates nine private hospitals and clinics across the UK including in London, Sheffield, Edinburgh and Solihull. Des Shiels (pictured) is chief executive of the group.


Related articles:

Posted on: 24/03/2015

Latest news stories

19/09/2019
Australian hospital group Ramsay Health Care is working on a bid for Acadia Healthcare’s UK-based The Priory Group and Partnerships in Care.
19/09/2019
Medical product specialist Vernacare has completed a refinancing of its banking facilities.
18/09/2019
Target Healthcare, the real estate investment trust that invests in purpose-built UK care homes, has announced results for the year ending 30 June 2019.
17/09/2019
Primary Health Properties, which invests in UK and Irish primary healthcare facilities, has raised €70 million through a loan note issue.
17/09/2019
A group of care homes in Suffolk has been acquired by Impact Healthcare REIT in a deal which provides a full exit for the founding shareholders.


Civica


HealthInvestor blog
It is traditional that we only publish one issue to cover both July and August so it’s been a while since we went to press here at HealthInvestor UK. In the meantime, the political landscape has undergone something of a transformation...

Click here to view the HealthInvestor blog


Chief executive at specialist care provider Eden Futures
Andrew Elder, deputy managing partner and head of healthcare investing at AlbionVC, says transformational technologies must secure clinical buy-in to ensure their effectiveness and utilisation...
Geoff Hodgson talks to Qualia Care’s chief executive Robin Forster and director of care/finance officer Val Norton about a funding model which allows the company to take on distressed care homes shunned by mainstream investors...
As care charities move away from operating their own services in favour of campaigning and support roles, HealthInvestor UK considers the investment opportunities that flow from this trend...
CQC inspection reports have provided a framework for improvement for independent acute hospitals. Marie Cahalane unpicks the commission’s latest publication on the sector and describes the actions driving the agenda of improvement...

Click here to search all feature articles



Digital primary care

Earlier this year, the UK digital primary care market felt full of potential for investors but who are the players and what are the products that stand out now that the dust has settled? Kathy Oxtoby investigates
Read more


Christie + Co

my images



Domiciliary Care
Rob Munro talks to the head of one of the country's leading domiciliary care providers about challenges and opportunities in a sector where many companies have foundered
Read more