Spire Healthcare Group PLC Shares Surge as Toscafund’s £1bn Takeover Bid Revives Sale Talks
Shares of Spire Healthcare Group PLC surged Thursday, following news that Toscafund Asset Management—its number two shareholder—has put forward a non-binding cash bid valuing the hospital group at roughly £1.01 billion, or 250 pence per share. Timing is key here. Spire’s strategic review has been underway for a while, but now the sale process is back in play—earlier takeover talks with Bridgepoint and Triton fizzled out, stalling momentum. Reuters said Triton walked away in March.