TWO private hospitals have been sold in deals worth a total of £285million.
The Classic Hospital Elland has been sold in a £145m deal to Spire Healthcare, formerly known as BUPA Hospitals.
BMI Healthcare, one of the country’s leading private healthcare providers, has bought the Nuffield Hospital Huddersfield in a separate deal.
The hospital, located on Birkby Hall Road, is one of nine across the UK bought by BMI in a deal worth £140m.
Both companies have vowed to continue to provide a high standard of treatment and care for patients.
Adrian Fawcett, chief executive of the BMI Healthcare group, said patients would benefit from the sale of the Nuffield Hospital Huddersfield.
BMI plan to invest more in facilities and medical technology.
He said: “Staff and consultants working in each of these hospitals have established reputations within their local communities. I am confident that we can continue to provide even better personalised, proactive and preventative care for patients in these areas.”
The deal for Classic Hospital Elland was completed on the same day.
It will be renamed to incorporate the Spire Healthcare brand, which offers more than 130 cosmetic surgery treatments to patients.
The private hospital group took over BUPA’s 25 hospitals in 2007 in a deal worth £1.44bn. The new Elland acquisition will add to the healthcare provider’s portfolio and is part of a nationwide, ten hospital deal with Classic worth £145m.
Spire Healthcare is owned by leading private equity firm Cinven.
Rob Roger, chief financial officer at Spire, said: “This is a fantastic opportunity to incorporate ten high-quality hospitals into Spire’s portfolio.
“It fits with our new status as a stand-alone healthcare provider and our strategy to grow our business and focus on premium private healthcare.”
Existing staff and consultants at both hospitals will continue to offer treatment to patients as normal during the hospitals’ rebranding.