Asaria captains buyout of NHP’s psychiatric services

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

The senior management of NHP Healthcare Partnerships (NHPHP) has concluded the buyout of their business from NHP plc, the former sale and leaseback giant which now operates about 140 care homes via its operating company Highfield Holdings. The transaction is financed by GI Partners, a private equity fund backed by CalPERS and CBRE Investors specialising in mid-market management buyouts of asset-backed businesses. This is GI Partners1 first operational transaction in the UK. NHPHP currently operates three hospitals in the Midlands and the North of England, and the management team, led by Saleem Asaria as chief executive, anticipates opening four more during the course of this year. Mike McQuaid is chief operating officer and Dr Tony Romero is director of psychiatric services. NHP sold NHPHP for a cash consideration of £10.8 million. NHPHP1s strategy is to provide a bridge facility between acute psychiatric care and semi-independent living in the community. The company will focus on owning and operating psychi

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