Canada Goose sale British hospital group Spire seeks 315 million pounds in flotation Canada Goose sale

Canada Goose Outlet LONDON (Reuters) UK canada goose clearance private hospital group Spire is to list canada goose factory sale its shares on the London Stock Exchange, seeking to raise buy canada goose jacket 315 million pounds ($534.6 million) to canada goose uk shop cut canada goose uk black friday debt and finance its expansion plans. Canada Goose Outlet

canada goose black friday sale Spire is likely to be one of the last companies to seek a flotation before the traditionally quiet summer period. Proceeds from UK listings have more than tripled this year as companies rush to capitalize on firm stock markets and private equity canada goose coats funds seek Canada Goose Jackets to cash in on their investments. canada goose black friday sale

cheap Canada Goose Cinven created Spire through uk canada goose outlet its 2007 purchase Canada Goose Parka of canada goose the hospital business of private healthcare canada goose uk group Bupa for an enterprise value (including debt) of 1.4 Canada Goose Outlet billion pounds, since buy canada goose jacket cheap when Cinven has not Canada Goose sale taken money out of canada goose black friday sale the company. The private equity firm has not given the equity value of Spire at the time of its investment. cheap Canada Goose

canadian goose jacket Spire Chief Executive Rob Roger said on a telephone call Canada Goose Coats On Sale with journalists that Cinven would Canada Goose Online retain a substantial stake in the business. He said Spire was planning two new regional hospitals by 2017 and another two in https://www.canadagoosejacketca.ca London further in the future, as well as four more radiotherapy centers. canadian goose jacket

canada goose deals MARKET CONTRACTION Spire, which runs Britain second largest chain of private hospitals, generated core earnings (EBITDA) of 154.1 million pounds in 2013 after rental costs. The firm will have debt of just under 500 million canada goose coats on sale pounds after its listing. canada goose deals

canada goose clearance sale The chain refinanced its loan facilities in 2013 with a sale and leaseback of 12 of its 39 hospitals, raising around 700 million pounds. canada goose clearance sale

canada goose coats on sale Over half of Spire revenue canada goose uk outlet comes from private medical insurance. That market contracted cheap Canada Goose by almost 8 percent during the recession and has since begun a slow recovery, but still covered only 10.8 percent of the UK population at the beginning of 2013 its lowest penetration in over 20 years, according to healthcare data provider Laing and Buisson. canada goose coats on sale

Canada Goose online Spire, which will be the only private hospital operator listed on the London Stock Exchange, is targeting uk canada goose an increasingly cash strapped public health service. Roger said the UK private hospital market was worth 4.6 billion pounds last year. Canada Goose online

canada goose Private hospital operators have recently fallen under the scrutiny of canadian goose jacket the Competition Commission, Britain anti trust watchdog. Spire was cleared of anti competitive behavior but rivals HCA and BMI were ordered this year to sell nine hospitals amid concerns over lack of competition and inflated pricing. canada goose

Canada Goose Jackets The company aims to achieve a float of readily tradeable cheap canada goose uk shares of at least 25 percent of its equity. Canada Goose Jackets

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