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PRIVACY
Enterprise

Spire Healthcare explores strategic sale options following shareholder pressure

The hospital operator said it has appointed Rothschild & Co as lead financial adviser to support the review

Spire Healthcare clinic

Spire Healthcare has confirmed it is considering "a range of potential options" for the business, including a possible sale, following increased pressure from some of its largest shareholders.

In a statement to the London Stock Exchange, the private hospital group emphasised that no decisions have been made and it has not received any approaches or is in active discussions regarding a sale, as reported by .

The company announced it has appointed Rothschild & Co as lead financial adviser to assist with the review, which aims to "enhance long-term shareholder value."

This announcement comes after reports earlier this week suggested top investors, including Toscafund and Harwood Capital, had encouraged the company to consider a sale at a price of at least £3.40 per share.

As of Thursday's close, Spire's market capitalisation was £872m, according to LSEG data, although a deal could value the group at more than £1.4bn.

Rising NHS pressure helps boost Spire demand

Spire, which operates 38 hospitals and over 50 clinics across the º£½ÇÊÓÆµ, has benefited from increasing demand from patients seeking alternatives to overstretched NHS services.

The number of people waiting for NHS procedures rose to 7.4m in July, marking the second consecutive monthly increase, while A&E attendances reached record levels over the summer.

Analysts suggest this environment has helped drive more patients into private healthcare, with Spire also expanding its own NHS partnerships, which now account for more than 30 per cent of revenues.