Updated
Updated · Bloomberg · Jul 8
Blue Owl Buys 12 Spire UK Hospitals for £1.3 Billion
Updated
Updated · Bloomberg · Jul 8

Blue Owl Buys 12 Spire UK Hospitals for £1.3 Billion

1 articles · Updated · Bloomberg · Jul 8

Summary

  • Blue Owl Capital completed a roughly £1.3 billion acquisition of 12 UK private hospitals from Malaysia’s Employees Provident Fund, according to people familiar with the transaction.
  • The portfolio consists of Spire hospitals, giving the alternative asset manager a sizable foothold in UK healthcare real estate.
  • Moor Park Capital Partners, which currently manages the properties, will stay on as asset manager after the deal.
  • The transaction had not yet been made public, and the details were disclosed by people who asked not to be identified.

Insights

Did a Malaysian fund just cleverly exit risky UK hospitals, or did Blue Owl secure a defensive asset for the downturn?
After a £1.3B deal, can profit goals coexist with the patient safety concerns plaguing these hospitals?