Britain’s largest private healthcare group, BMI Healthcare, said on Monday it had agreed a deal with its creditors and landlords that would include recapitalising the business.

Hospital Topco, the parent company of the landlords for 35 of BMI Healthcare’s hospitals, as well as stakeholders and lenders, agreed to a deal which would bring BMI’s operations and 35 hospitals back under common ownership, BMI said.

The deal included injecting capital of at least 58 million pounds, extending BMI’s bank facilities to 2024 and reducing annual rent by 65 million pounds, BMI said.

BMI said in a statement that contributions from the deal would fund a 250 million pound capital investment programme.

Full Story: Reuters, 1 October 2018

Dear Reader,

If you like our content please support our campaigning journalism to protect health care for all. 

Our goal is to inform people, hold our politicians to account and help to build change through evidence based ideas.

Everyone should have access to comprehensive healthcare, but our NHS needs support. You can help us to continue to counter bad policy, battle neglect of the NHS and correct dangerous mis-infomation.

Supporters of the NHS are crucial in sustaining our health service and with your help we will be able to engage more people in securing its future.

Please donate to help support our campaigning NHS research and  journalism.                              

DONATE

Write A Comment