Essential reading for the healthcare business
 
 
Remember me:
Skip Navigation LinksHealthInvestor article
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

18/04/2019
Melqart Asset Management has taken a 5% stake in private hospital operator Spire Healthcare.
18/04/2019
Less than half of the public are aware they can choose where they receive NHS-funded hospital treatment, according to a poll by Populus.
17/04/2019
Anchor Hanover has appointed energy, services and regeneration provider Engie as a strategic delivery partner, in a 10-year deal worth £80 million.
16/04/2019
Retirement living developer Birchgrove has launched a new rental-only retirement scheme in Sidcup, Southeast London.
16/04/2019
The Care Quality Commission has rated domiciliary care provider The Good Care Group as outstanding across the five categories it uses to assess performance.


Civica


HealthInvestor blog
With our politicians seemingly absent without leave, the UK desperately needs leadership in policy matters that influence investment decisions

Click here to view the HealthInvestor blog


Singapore’s Pan Pacific Hotel was the venue for HealthInvestor Asia’s February seminar on ‘Expansion strategies for ASEAN healthcare providers’.
A thespian and educator at home in a hazmat suit, with culinary prowess, an eye for improvement and a passion for caring for the elderly
In uncertain times, healthcare real estate remains a steady investment prospect. As the population ages and demand for modern care facilities continues to grow, Kenneth MacKenzie, founder and managing partner of Target Healthcare REIT, tells Marie Cahalane of the importance of a holistic approach to care delivery
Catherine Gooderham highlights some of the opportunities and challenges attracting various investors into a market with guaranteed funding – specialist care
Private equity-backed specialist provider Orbis Education & Care is proving popular with service users, families and commissioners by providing top-quality care in a challenging sector. Rob Munro talks to chief executive Mike Currier about what make this Welsh company such a success and its plans to expand into England

Click here to search all feature articles



Digital technology
The NHS App was supposed to be a gateway for patients to access primary care services and was seen as an opportunity for investors to engage with a health service eager to digitise. Things haven't quite gone to plan. HealthInvestor UK investigates
Read more


Christie + Co

my images



Blockchain

Blockchain is a disruptive force; its entry into the healthcare sector has been gradual, but has the potential to be transformational. Jeremy Bowden considers its implications and applications
Read more