Circle Health to acquire Alexandra Hospital owners, BMI Healthcare

Independent hospital group, Circle Health, have acquired BMI Healthcare, who run 50 private hospitals in the UK, including The Alexandra Hospital in Cheadle.

Circle has committed to a multi-million-pound programme of investment in BMI’s hospitals, including in estates, technology and staff. Circle Health currently operates two hospitals in the UK and two China, offering innovative rehabilitation and integrated care services.

Commenting on the acquisition, Paolo Pieri, CEO of Circle Health said:

BMI Healthcare is well-known for its highly-skilled staff and clinicians, and together we believe we can set new standards on quality in our sector. We plan to invest in cutting-edge technology and the latest medical treatments to help us transform care in our hospitals.”

Peter Sullivan, Chairman of Circle Health, said:

This is an exciting step forward for Circle Health in our mission to deliver the highest standards of patient care, and I pay tribute to the strong management team who have made this game-changing deal possible.”

Medical Properties Trust Inc. (MPT) has also acquired the real estate interests of 30 BMI hospitals from former parent company, Hospital Topco Ltd, in a £1.5 billion deal. MPT will continue to lease back properties to BMI Healthcare.  The sales form part of a recapitalisation programme by BMI Healthcare.

Dr Karen Prins, CEO of BMI Healthcare said:

Circle Health and MPT both truly understand the UK healthcare market, and we are looking forward to the opportunities that this acquisition brings. This partnership will build on the steps we have taken to secure the long-term future of the business and will support our aspirations to provide ever higher standards of care for our patients.”

BMI Healthcare are the largest private operator of acute hospitals in the UK. BMI and Circle Health will continue to operate independently until the Competition and Markets Authority concludes a routine investigation into the acquisition.