Aussie hospitals group eyes up scandal-hit mental healthcare giant Priory
Priory Group has treated celebrities including supermodel Kate Moss (pictured)
An Australian firm is eyeing Priory Group, the scandal-hit mental healthcare firm that has treated celebrities including supermodel Kate Moss.
City sources said Ramsay Health Care, which is listed on the Australian stock market and owns hospitals across the globe, may buy part of the organisation.
Ramsay’s interest comes as Priory Group’s American owner, Acadia Healthcare, weighs a sale of the division which could be worth £1billion to £1.5billion.
Last year, Acadia Healthcare appointed bankers from NM Rothschild to find a buyer for Priory Group – which holds a number of NHS contracts – after a series of scandals including the case of a teenager who spent weeks wrapped in a blanket at a Priory hospital in Ticehurst, East Sussex.
Potential buyers include Canadian fund Brookfield and buyout firm CapVest. Priory Group and Ramsay did not comment.