Ramsay Health Care Limited’s Recommended Cash Offer For Spire Healthcare Group plc

Slaughter and May advised Mediclinic International plc on the deal. Ashurst has advised Ramsay Health Care Limited.

Mediclinic International plc was involved on the recommended cash offer made by Ramsay Health Care Limited for the entire issued and to be issued ordinary share capital of Spire Healthcare Group plc (“Spire”). Mediclinic holds a 29.9 per cent. shareholding in Spire. 

Under the terms of the offer, Spire shareholders will receive 240 pence per Spire share. The transaction was announced on 26 May 2021 and is subject to customary conditions, including the approval of Spire shareholders.

Slaughter and May previously advised Mediclinic on its original acquisition of the shareholding in Spire in 2015.

Slaughter and May’s team included Robert Innes (Picture), Partner, James Cook, Partner and Adam Sriskandan, Associate.

The Ashurst team was led by corporate partners Karen Davies, Tom Mercer and Harry Thimont, supported by associates Demi Pham, Lauren Garrett, and Aaron Koh. Australian corporate partner Bruce Macdonald led on the Australian elements of the transaction, with support from senior associate Alli Clark, and associates Claudia Wyer and Sheenae LeCornu. Competition advice is being provided by partners Euan Burrows and Steven Vaz, senior associates Danica Barley and Laura Carter, associates Adelle Elhosni, Emile Abdul-Wahab, Helen Chamberlain, Matthew Harper, Nessa Salvador, Lauren Satill, Alana Perna, and Jasmine Tiong and economists David Wirth and Oliver Noble. Real estate advice was provided by partner Henry Moss and Richard Vernon and senior associate Rabinder Sokhi. The following members of the real estate team also assisted on this matter – counsel David Razzell, senior associates John Arey, Chris Benbow, Alex Levart, Victoria Clarke, Chloe Marshall, Suzannah Varey, and Aoife Devlin, and associates Rory Marbaix, Emma Potter, Dan Sargeant, Victoria Edwards, Miles Oakes, and Josie Oliver. Incentives advice was provided by senior consultant Nicholas Stretch and senior associate Rebecca Servian. Partner Nicholas Gardner advised on tax matters with support from associate Becky Hart. Partner Ruth Buchanan, counsel John Gordon and associate David Pemberton advised on employment and pensions aspects. Partner Tim Rennie also provided banking advice with support from senior associate Darren Phelan and banking analyst Hannah Brower.  

Involved fees earner: Emile Abdul-Wahab – Ashurst; John Arey – Ashurst; Danica Barley – Ashurst; Chris Benbow – Ashurst; Ruth Buchanan – Ashurst; Euan Burrows – Ashurst; Laura Carter – Ashurst; Helen Chamberlain – Ashurst; Alli Clark – Ashurst; Victoria Clarke – Ashurst; Karen Davies – Ashurst; Aoife Devlin – Ashurst; Victoria Edwards – Ashurst; Adelle Elhosni – Ashurst; Nicholas Gardner – Ashurst; Lauren Garrett – Ashurst; John Gordon – Ashurst; Matthew Harper – Ashurst; Becky Hart – Ashurst; Aaron Koh – Ashurst; Sheenae LeCornu – Ashurst; Alex Levart – Ashurst; Bruce Macdonald – Ashurst; Rory Marbaix – Ashurst; Chloe Marshall – Ashurst; Tom Mercer – Ashurst; Henry Moss – Ashurst; Miles Oakes – Ashurst; Josie Oliver – Ashurst; David Pemberton – Ashurst; Alana Perna – Ashurst; Demi Pham – Ashurst; Darren Phelan – Ashurst; Emma Potter – Ashurst; David Razzell – Ashurst; Tim Rennie – Ashurst; Nessa Salvador – Ashurst; Dan Sargeant – Ashurst; Lauren Satill – Ashurst; Rebecca Servian – Ashurst; Rabinder Sokhi – Ashurst; Nicholas Stretch – Ashurst; Harry Thimont – Ashurst; Jasmine Tiong – Ashurst; Suzannah Varey – Ashurst; Steven Vaz – Ashurst; Richard Vernon – Ashurst; Claudia Wyer – Ashurst; James Cook – Slaughter and May; Robert Innes – Slaughter and May; Adam Sriskandan – Slaughter and May;

Law Firms: Ashurst; Slaughter and May;

Clients: Mediclinic International; Ramsay Health Care Ltd;

Author: Federica Tiefenthaler