Christie+Co: ‘2006 was an incredibly successful year’

Posted on January 1st, by editor in Caring Times. No Comments

The volume of transactions has increased, and the price indices in 2006 show yet another year of incredible growth in average prices, said Christie + Co Director and Head of Care Richard Lunn at the launch of their annual Business Outlook publication. Having witnessed a period of frenzied acquisition activity during 2005, Christie + Co predicted that some of the heat would come out of the top end of the market during 2006. However, investor interest in the care sector has continued to grow rapidly. The largest transaction of 2006 was the £2.2billion acquisition of the General Healthcare Group (GHG), whose operating companies include BMI Healthcare and Amicus Healthcare. Following an auction process, the leading private hospital group was acquired by a consortium of investors comprising Network Healthcare Holdings (Netcare), Apax Partners Worldwide, Brockton Capital and London & Regional Properties. The largest long term care purchase was the acquisition of Four Seasons Healthcare. Delta Commercial Property

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