23rd Mar 2026 08:29
(Alliance News) - Spire Healthcare Group PLC on Monday said it remains in talks with other parties regarding a potential sale of the company after two London-based private equity firms withdrew their bid interest.
Late Friday, Bridgepoint Advisers, part of FTSE 100-listed Bridgepoint Group PLC, and Triton Investment Advisers, both released statements saying they no longer were interested in buying London-based private healthcare company Spire.
In response, shares in Spire Healthcare plunged 20% to 151.38 pence each in London early Monday.
Talks with Bridgepoint and Triton, both London-based private equity firms, followed Spire's announcement of a strategic review back in September.
Late Thursday, Sky News reported that Bridgepoint was drawing up proposals for a formal offer for Spire worth GBP1 billion, or 230 pence per share.
But on Friday, Bridgepoint said in a statement that while "grateful" for the efforts of the Spire Healthcare board, it has been "unable to get sufficient confidence as to a transaction structure that would work for all stakeholders at this time".
For its part, Triton simply said that "it does not intend to make a firm offer for Spire Healthcare".
In Monday's statement, Spire said it is in talks with other parties in relation to a potential sale and is also continuing to "actively evaluate other appropriate actions to drive long-term, sustainable shareholder value".
By Jeremy Cutler, Alliance News reporter
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