Survey finds healthcare is popular with private equity

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

|By Richard Hawkins| A recent survey by the Sunday Times of the top private-equity deals in 2002 provides encouragement for the healthcare sector. The survey showed that, after retailing, healthcare was the most active business area out of the top 100 private-equity deals last year. Twelve were related to healthcare raising. When both debt and equity are included, they raised a total of £1.5 billion. Of these 12 companies, five were specifically from the long term care residential sector and at least a further two included personnel formerly active in the sector (Priory Group and Abbey Hospitals). Private-equity firms are said to be attracted by the billions of pounds the Government is pouring into the NHS, convinced that if this huge investment is to be successful, it has to involve the private sector. Private-equity (as opposed to flotation on the stock market) is suitable to fund this growth for two reasons. First, profit in regards to healthcare is still seen as a dirty word and it can therefore be diffi

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