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Exclusive: Cygnet poised to bring Alpha into the pack

Cygnet Health Care is in exclusivity to acquire Alpha Hospitals, HealthInvestor understands.

Founded in 2002, Alpha Hospital operates three low to medium secure mental health facilities in Bury, Woking and Sheffield. It offers a range of psychiatric care services for men, women and adolescents with mental health conditions and learning disabilities. It is owned by C&C Alpha Group.

For the year ended 31 March 2014, turnover at Alpha Hospitals was £42 million and operating loss was £3.8 million, according to

KPMG is running the sale process.

Mark Tomalin, chief financial officer at Alpha Hospitals, said: "KPMG has been retained to provide strategic advice to the group as part of our business planning process."

Cygnet Health Care could not be reached for comment.

Cygnet Health Care, which was bought by Universal Health Services for £205 million last year, currently operates 17 mental health facilities with over 730 beds in total.

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Posted on: 10/08/2015

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