Thursday, February 28, 2013
PETALING JAYA: The Employees Provident Fund (EPF), together with two other parties, has bought into Britain's second-largest private healthcare provider early this month as part of its diversification strategy.
The £700mil (RM3.28bil) acquisition comprised 12 out of 38 hospitals belonging to the Spire Healthcare Group spread across Britain, London-based legal practice Norton Rose confirmed.
Norton Rose had advised the EPF on this particular deal.
The international legal practice's public relations manager Perry Bucksaid in an email on Tuesday that the sale was on a sale and leaseback basis. The 12 acquired hospitals would be leased back to the Spire Healthcare Group to operate under long leases.