Connell Consulting
Essential reading for the healthcare business
 
 
Remember me:
Skip Navigation Links
UHS bolts Alpha Hospitals onto Cygnet

New York-listed Universal Health Services (UHS) has increased its UK footprint through backing the £95 million acquisition of Alpha Hospitals by its subsidiary Cygnet Health Care.

The deal, which was first reported by HealthInvestor, adds four hospitals with 305 beds in total to Cygnet Health Care, boosting the mental health provider in size to 21 hospitals with approximately 1,100 beds overall.

Alpha Hospitals reported a turnover of £42.1 million for the year ended 31 March 2014.

Cygnet has acquired the company from C&C Alpha Group which has been invested in it since its foundation 13 years ago.

Alan Miller, chairman of UHS said: “We are pleased to announce the acquisition of Alpha and welcome them into our growing system in the UK. The facility locations are an excellent geographical fit and their services are complementary to Cygnet’s existing portfolio.”

Cygnet chief executive David Cole (pictured) added: “Alpha Hospitals has a very good pedigree and an excellent reputation in the sector.  Like Cygnet, it is a brand that portrays quality and confidence, and boasts very strong customer relationships.” 

Alpha provides a range of psychiatric care services for men, women and adolescents with mental health conditions and learning disabilities from facilities in Bury, Woking and Sheffield.

KPMG ran the sale process.

Trowers & Hamlins provided legal advice to C&C Alpha Group.

UHS acquired Cygnet Health Care for £205 million last year.


Related articles:

Posted on: 19/08/2015

Latest news stories

24/06/2016
The uncertainty caused by the UK’s exit from the European Union (EU) will cause problems for healthcare investment in the short-, medium- and long-term, experts have said.
22/06/2016
Specialist care provider Cambian Group has appointed a non-executive director with significant restructuring experience to its board in the wake of its share price collapse.
22/06/2016
Richard Tyler has taken on the post of chief executive at Horder Healthcare, replacing the retiring incumbent Di Thomas.
22/06/2016
Virgin Care is to take over services at a GP practice in Essex rated outstanding by the Care Quality Commission.
22/06/2016
Philips has announced the acquisition of Northern Ireland-based digital healthcare firm PathXL.




Voyage’s new CEO Andrew Cannon tells Ploy Radford the operator is in a good place for raising its profile in the LD space
Read more...


Christie+Co

Northern Ireland is often overlooked as an area for investment in care, but the integrated model of care so many wish for in England is in place already in the region, finds Luke Cloherty
Read more...


Oomph chief executive Ben Allen tells HealthInvestor about how the company is transforming quality of life in care homes
NorthEdge Capital has stepped out of the North of England and into the healthcare sector with its recent management buyout of Direct Healthcare Services, but insists it is staying true to form
Candesic’s Dr Joe Taylor considers the journey ahead for learning disability services
Country Court Care has made some real strides in recent times by acquiring homes to turn around, but it has also faced some controversy, Luke Cloherty reports
With a shortage of nurses and carers around, should investors look to get into the healthcare training market, asks Luke Cloherty

Click here to search all feature articles