Spire Healthcare (LSE:SPI) shares advanced more than 3% on Monday to 245.5 pence, a one-year peak for the stock.
The UK private hospital group has agreed to be acquired by a consortium made up of funds managed by Toscafund, Three Hills and Ares, in a transaction that puts a value of roughly £1.03 billion ($1.39 billion) on Spire Healthcare’s share capital.
The terms of the deal will see Spire Healthcare shareholders paid 250 pence in cash for each share held.
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