In the most significant healthcare story in the UK, Circle Health is in discussions to acquire BMI Healthcare, the biggest privately owned healthcare chain in the UK.
This acquisition will create a healthcare group which will own 57 hospitals and which will be drawing in revenue that is approximated to be around one billion pounds. Four of BMI’s hospitals have closed this year. The sale to Circle Health, known for its investment in the best facilities and technology, is expected to bring new investment.
“This deal is one of the most significant events in the acute market for almost a decade. The sector faces some big challenges but Circle has the potential to reinvigorate the sector. Circle’s two private hospitals in Bath and Reading cover a range of conditions from eye surgery to hip and knee operations while its new Birmingham hospital, which is due to open next year, will include a 120-bed unit specialising in neurological conditions,” said Julian Evans, the head of healthcare at Knight Frank in a recent statement.
Circle’s management team is highly regarded among UK clinicians and the company is thought to be leading the sector in marketing, with a November 2018 Berenberg Bank report saying that: “Circle Health appears to be a frontrunner in the use of digital channels”.
Circle Health was set up in 2004 in UK with the idea to provide a fresh approach to the healthcare vertical. They have recently opened two clinics in China along with various acquisitions in UK.