One of Britain's biggest privately owned providers of specialist mental health services is to be put up for sale four years after it was created through a buyout from The Priory Group.
Sky News has learnt that BC Partners, the private equity firm, has appointed bankers at JP Morgan to run an auction of Elysium Healthcare. The company, which is expected to change hands in the coming months, was formed in 2016 from the acquisition of 22 Priory and Partnerships in Care hospitals.Since then, it has expanded significantly, and now operates 75 sites providing disability services, neurological and specialist mental healthcare, as well as child and adolescent mental health services, rehabilitation and acute and intensive care.
Last month, Elysium acquired a hospital in the South West of England that specialises in treating patients with serious eating disorders.BC Partners' price expectations from a sale of the company are unclear, although it will seek a valuation far above the roughly £300m it paid for the original 22 sites.More from Business
It happens all the time. Has to be profit in peoples ailments. Same old same old. Use and abuse, same sh!t different day. If there is no profit in holding people under section in the private sector, sell them on !!!
Just as business is going to go through the roof!