Heywood takes the reins after management buyout of Westminster Health Care

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

The management buyout of Westminster Senior Living, a division of Westminster Health Care, was completed in early May with 3i, a leading venture capital company, investing about £200 million to fund new assets and services. The identity of another company investing a lesser amount, believed to be about £70 million, has not been disclosed. Surrey-based Westminster Healthcare, a former public company, was taken over in April 1999 by Whitehall, a private equity fund controlled by Goldman Sachs and Welsh Carson Anderson and Stowe of New York. The takeover saw Dr Chai Patel appointed as chief executive with Tony Heywood as chief operations officer. With the completion of the management buyout, Mr Heywood is now chief executive of Westminster Senior Living (which will now be known as Westminster Health Care) with 3i appointing as chairman Nick Irens, former executive director of Cannons Group plc. Dr Patel will continue as chief executive of Priory Healthcare, another division of the former Westminster Health Car

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