UK’s biggest private hospital firm Spire agrees £1bn takeover by hedge fund

Toscafund, founded by City figure known as ‘the Rottweiler’, signs deal amid fears over creeping privatisation of NHSBritain’s biggest private hospital operator has agreed to a £1bn takeover by a hedge fund manager known as “the Rottweiler” for his aggressive business tactics.Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, has agreed to a 250p a share offer by an investor group led by Toscafund Asset Management, which values the business at £1.03bn. Continue reading...