Acquisition of St Joseph's Hospital

BDO.LiveSite.Deals.DealTypeTransaction Services

The BDO Birmingham Transaction Services team recently provided Financial/Tax due diligence an Financial modelling services to St Joseph’s Healthcare Partners Limited (“Partners”) in connection with their acquisition of St Joseph’s Hospital (“St Joseph’s).    

St Joseph’s is a purpose built, private hospital operating on the outskirts of Newport, providing a range of services and treatments, including health screening and pathology. The £10m deal, comprising 43 of the hospital’s existing consultants together with additional investors, will provide a funding package supporting both the acquisition together with extensive plans to upgrade the hospital through investment in new equipment and the addition of new clinical services. Alongside the investing consultants, the majority shareholders acquiring the business are Brian Staples, Paul Jenkins and Rohit Kulkarni. Mr Staples, Chairman of advance imaging company European Scanning Centre, based on Harley Street in London, will take the role of Executive Chairman of Partners, a company formed for the purposes of the acquisition.