Elysium Healthcare acquired by Ramsay Health Care
Clinigen acquired by Triton
Elysium Healthcare represented an initial foray into the UK specialist care market for Australian listed healthcare provider, Ramsay (though they have significant mental health care coverage in Australia, France and Sweden. Ramsay’s plan is to run it as a complementary division to their existing private hospital presence. The Elysium acquisition was somewhat surprising to many given it that was preceded by a failed takeover of private hospital provider Spire Healthcare.
Twenty20 Capital has existent presence in the healthcare sector with its medical recruitment agencies; Team24 and HCL. The acquisition of Virgin Care provides Twenty20 extensive presence in and exposure to NHS and Local Authority opportunities.
Listed on Aim prior to the acquisition, Clinigen provides outsourced pharma services, acquiring the rights to medicines, providing clinical trials and manufacturing and distributing. Paying around £1.2b for Clinigen, Triton is just one example of how private equity houses are prepared to pay significant sums to acquire desirable assets.
Virgin Care acquired by Twenty20