Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Tenet exits UK market after 3 years

Dallas-based Tenet Healthcare announced on Aug. 20 it has completed the sale of London-based Aspen Healthcare to NMC Healthcare, which is based in the United Arab Emirates.

Tenet acquired Aspen Healthcare from private equity firm Welsh, Carson, Anderson & Stowe in June 2015 for about $214 million. At the time, Tenet said the deal provided the hospital operator with an attractive foothold in the U.K. healthcare market. Aspen Healthcare operates nine healthcare facilities.

With the completed sale, Tenet no longer has operations in the U.K.

The Telegraph reports Aspen Healthcare, which NMC Healthcare reportedly purchased for €10 million (roughly $11.4 million), represents the health system's first deal in the U.K. healthcare market.

More articles on transactions and valuations:
4 recent healthcare partnerships and transactions
Emory, DeKalb Medical integration clears final hurdle
Partners, Care New England look to fast-track merger review

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers