Circle Health To Acquire UK-Based BMI Healthcare

BMI Healthcare, one of Britain’s largest private hospital chains, is set to be sold to Circle Health, a hedge fund owned firm that previously pulled out of a contract to run a National Health Service (NHS) hospital. The acquisition of BMI Healthcare, which is expected to be signed in December 2019, is a significant expansion for the much smaller Circle Health, which has been owned by Toscafund and Penta Capital since it was delisted in 2017.

The sale will create a U.K. private hospital giant with combined annual revenues of almost £1bn and 57 hospitals overall. Circle now . . .