UK’s biggest private hospital firm Spire agrees £1bn takeover by hedge fund
Summary
Spire Healthcare, the UK’s largest private hospital company, has agreed to a £1 billion takeover by Toscafund Asset Management, a hedge fund led by Martin Hughes. Toscafund already owned a large share of Spire and plans to invest in the company to help it grow and improve patient care.Key Facts
- Spire Healthcare runs 38 private hospitals and more than 60 clinics in England, Wales, and Scotland.
- In 2025, Spire treated about 1.36 million patients.
- Toscafund Asset Management offered 250p per share, valuing Spire at £1.03 billion.
- Toscafund’s founder, Martin Hughes, is nicknamed “the Rottweiler” for his firm business style.
- Spire had talks with other buyers earlier, but those deals did not happen.
- Spire faced rising costs like national insurance and minimum wage increases.
- The takeover may help Spire invest more in hospitals, technology, and patient care.
- Spire’s shares rose by 3.2% in early trading after the takeover announcement.
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