Alpha Hospitals, the largest purveyor of specialist psychiatric care in England, has changed hands from its international private equity owner, C&C Alpha Group (CCAG) in a £95m sell-off. With the new ownership, Cygnet Healthcare and the parent company Universal Health Services (UHS) have their UK footprint strengthened.
Launched in 2002 with the vision of improving standards of personalised care for adults and children with behavioural and psychiatric conditions, Alpha Hospitals state-of-the-art facilities in Bury, Sheffield, and Woking have been a new high in a sector where secure settings define tertiary care.
Launched in 2002 with the vision of improving standards of personalised care for adults and children with behavioural and psychiatric conditions, Alpha Hospitals state-of-the-art facilities in Bury, Sheffield, and Woking have been a new high in a sector where secure settings define tertiary care.
Originally launched by Patricia Hodgkinson, the former chief executive of the Florence Nightingale Hospitals Group, it got on the board the founder C&C Alpha Group, Bhanu Choudhrie. Summing up the acquisition, he said, “The strong interest we had from potential bidders, and the price we ultimately received, is testament to the strength of the business. CCAG incubated Alpha Hospitals and invested in it for 13 years, allowing it to scale up and grow successfully. I am delighted it will continue to grow under a new owner.”
“Our approach is to back management teams which create long-term value. I was on the board at its inception and have always taken a close personal interest in the business. We will now be looking for new investment opportunities in healthcare and other speciality services", he added.
From the first site opened with CCAG’s backing at a disused hospital in Woking, Surrey, in 2003, Alpha Hospitals expanded into Bury and Sheffield and had a turnover of £42.1m for the year ended March, 2014. With rising investor interest, the responsibility of advising on strategic options was handed over to KPMG which ran the sale process.
CCAG runs successful business operations in healthcare, hospitality, real estate, aviation, utilities, and agriculture. It recently brokered a deal for a new cancer hospital in London for £150m for the Abu Dhabi-based VPS Healthcare Group.The private facility would be the first in the UK to offer proton beam
Headquartered in London, C&C Alpha Group is an international private equity firm, with offices in India as well. Established as a holding company for private venture capitalists with more than 30 years of industry captivity, it brings together entrepreneurs, strategy consultants, project managers, and financial analysts to create stakeholder value by organic growth and strategic partnerships.
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