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
  +0.00p +0.00% 115.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 62.50

Global Health Share Discussion Threads

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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
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