London-based investment firm; major Circle Health investor
Spire Healthcare has agreed to be taken private by Tulip UK, a group backed by Toscafund, THCP Advisory and Ares Management. The deal values Spire at about £1.03bn on a fully diluted basis and includes a plan for a year-long strategic review after completion. Chief executive Justin Ash will step down and be replaced temporarily by Sir David Sloman.