Spire Healthcare, the UK’s largest private hospital operator, receives a proposed buyout from activist investor Toscafund Asset Management, prompting a sharp rise in its share price. The hedge fund, described by some outlets as a major shareholder and linked to City figure “the Rottweiler,” puts forward a non-binding offer valued at 250p per share. Based on the reported figures, the approach is described as a roughly £1 billion deal.
Spire’s board backs the proposal, according to reports, and the company says it has received the offer from funds advised by Toscafund. The news comes after investor pressure from Toscafund, which holds a significant stake in Spire and is seeking to pursue the buyout.
Spire operates multiple hospitals, including the Claremont hospital in Sheffield and St Anthony’s hospital in south London, both cited in coverage. Following the announcement, Spire shares rise sharply—nearly 50% in one report—reflecting market reaction to the proposal. As the offer is non-binding, further discussions and potential developments could change the terms or outcome.
