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GHP Global Health

115.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Health LSE:GHP London Ordinary Share GB00B23TTS84 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 115.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Global Health Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
02/11/2007
08:43
RNS Number:6665G
Global Health Partner PLC
31 October 2007


Acquisition of a 1.1% interest in Priory Investments Holdings Limited by Global
Health Partner PLC ("GHP")


GHP announces that it has today entered into an agreement with a subsidiary of
ABN AMRO Bank N.V. to acquire a 1.1% interest in Priory Investments Holdings
Limited ("PIHL" or "The Priory Group"), the leading independent provider of
acute and secure mental health, neuro-rehabilitation and specialist education
services.


Background

The GHP Board believes that this investment in The Priory Group offers an
excellent opportunity to evaluate whether there would be potential synergies in
the growing area of specialist adult and child psychiatric care, which has the
potential to become a service line for GHP. The Priory Group provides the same
outstanding standard of care that GHP delivers in its acute specialty healthcare
service lines. This investment offers a very good chance to enhance existing
relationships between GHP and The Priory Group and for international expansion.
Per Batelson, Executive Chairman and Chief Executive Officer of GHP, currently
serves as a board member of PIHL and will be nominated by GHP as its investor
director on the board of PIHL.


Acquisition details

GHP has agreed to acquire a 1.1% interest in PIHL through an investment in A
ordinary shares and Class A Loan notes in PIHL for a total investment of #1.5
million. A company representing the interests of Lord Ashcroft, KCMG (who has a
shareholding in GHP of 33.6%) is acquiring a 32.5% interest in PIHL. Andrew
Wilson (a board member of GHP) will be nominated by Lord Ashcroft's investment
company as its investor director on the board of PIHL.

In its latest financial statements for the 12 months to 31 December 2006, The
Priory Group had revenues of #202.3 million and gross assets of #966.5 million.

Commenting on the Acquisition Per Batelson, Executive Chairman and Chief
Executive Officer of GHP said:

"We are very pleased to take this interesting investment in The Priory Group,
one of Europe's most well-known and important independent providers of mental
healthcare and specialist education services. Members of the board and the
executive management of GHP have significant experience and expertise in the
management of mental healthcare businesses. This investment provides the
opportunity to assist The Priory Group management in the development of its
brand franchise and its business operations in the UK and internationally and at
the same time to learn from a leading-edge provider of many different mental
healthcare and specialist education services."

bennytheball
Chat Pages: 1

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