Nuffield Health has agreed terms to acquire five hospitals from Aspen Healthcare – leaving the private healthcare provider with just two properties.
The deal brings Parkside Private Hospital in Wimbledon, Highgate Private Hospital in London, The Holly Private Hospital in Essex, Cancer Centre London and The Edinburgh Clinic under Nuffield’s ownership.
It is Aspen’s second hospital sale in a matter of days after Spire announced its agreement to purchase the Claremont Hospital in Sheffield last week for £15.7m.
As a result of the deals, Aspen’s remaining sites will be the Midland Eye Private Clinic in Solihull and Nova Healthcare in Leeds.
Nuffield revealed it has also entered into long-term leases with Aspen’s owner, NorthWest Healthcare Properties REIT, in respect of the five hospitals.
The deal is expected to complete on 30 September. Nuffield added the value for the transaction is not being disclosed as it is commercially sensitive.
M25 and East Coast of Scotland
The sites are each located near to Nuffield’s existing fitness and wellbeing services which it said will strengthen its connected services in communities where they are currently under-represented.
Steve Gray, chief executive officer of Nuffield Health, (pictured) said: “This strategic acquisition will improve our representation in local communities within the M25 corridor and across the East Coast of Scotland, connecting up our hospital and fitness and wellbeing services.
“This will enable us to support more people in these communities to live healthy, get better and stay well.
He added: “Our team are looking forward to work alongside Aspen’s teams, who have shown how talented they are during the challenges of the pandemic and in operating successfully for many years to deliver excellent patient care.”
Rob Anderson, chief executive officer of Aspen Healthcare, added: “This agreement with Nuffield Health will ensure a stable and secure future for Aspen’s hospitals and will allow our talented team to continue the great work that they do.
“Nuffield Health’s values are closely aligned with Aspen Healthcare; we share a strong passion and ongoing commitment to patient care.
“This is an exciting time for us all which brings stability and a bright future.”