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Private hospital group buys rival

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The private equity firm that bought BUPA hospitals has added a second major independent sector provider to its portfolio.

Spire Healthcare, formerly known as BUPA Hospitals and now owned by equity firm Cinven, has reached agreement over the acquisition of the Classic Hospitals Group.

Cinven paid BUPA £1.44 billion for its 25 hospitals in June, changing their branding to Spire later in the year.

Spire’s acquisition of the Classic Group this week from another private equity company, LGV Capital, for £145m makes it the second largest independent hospital provider in the country.

Classic owns ten hospitals in the north and south east of England, with around 370 beds and 2,000 staff.

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