Shetty Eyes UK Healthcare Firm Spire

29 Nov 2024 , 12:58 PM

According to news reports, Devi Shetty’s Narayana Hrudayalaya (formerly known as Narayana Health) is in talks with important Spire Healthcare Group Plc shareholders to purchase a majority share in the UK’s biggest private company in terms of revenue.

On the heels of tangled National Health Service (NHS) waiting lines, the UK is witnessing a historic surge in private healthcare. After the Cayman Islands, this would be the Indian medical group’s second international venture if it is successful.

Spire Healthcare is a FTSE 250-listed corporation that operates 40 hospitals and over 50 clinics around the United Kingdom. At Thursday’s market close, the widely held firm was worth $1.12 billion (£884.4 million). Narayana’s senior management has reportedly already started in-depth talks with major institutional shareholders and has heard back favourably.

In order to rally support for the proposal, Shetty, a well-known cardiac surgeon who is now a healthcare millionaire, and his team are scheduled to meet with some activist shareholders and others next month.

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