Trust me, I'm a banker

Article Abstract:

Medi-Parternaires sold 6 medical clinics to Sante Finance at a cost of 20 million pounds sterling in Sept 1997. The deal was led by Bank of Scotland Structured Finance and Legal & General Ventures (LGV), which ensured the management team had the option to purchase further clinics if necessary. The French government has a reputation for intervening in aspects of healthcare facilities, which placed restrictions on future acquisitions. Bank of Scotland put forward an profit agreement for expanding the business in the future.

Mergers & Acquisitions, France, Medi-Parterniares., Sante Finance.

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The medicine for a healthy merger

Article Abstract:

Nursing home and healthcare operator Takare was formed by Keith Bradshaw in 1985 and became a public company in 1989. However, by 1996 its share price had fallen and other events in the health care market made Bradshaw realise that he had to consolidate to survive. He approached rival Court Cavendish about a possible merger. Advisers were appointed to oversee the 250 million pounds sterling deal, which took place in just three weeks. The new, merged company, called the TC Group, leads the UK health care market.

Birmingham, England, Library acquisitions, Consortia, Takare PLC, Court Cavendish Group PLC, Cooperative acquisition of library materials, TC Group

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Care bears turn bullish

Article Abstract:

There has been considerable restructuring in the private residential care sector in the UK over recent years. The around 70 companies which operate 250 beds or more now accounts for around 20% of the overall market, and their share is set to continue to increase. Many smaller groups have been purchased by large operators, but larger groups are now becoming more selective in their acquisitions. They are focusing on concerns which have new, purpose-built homes or are building their own homes.

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