Its private healthcare team has advised numerous operators in the sector in Europe, Asia and the Middle East including private hospitals, care homes providers (including those providing care for the elderly, those with learning difficulties and those with mental illnesses) and retirement village operators. The team has also advised banks and investors in the space.
The public sector team advises on standalone public sector transactions, transactions between the public sector and the private sector and also assists the private healthcare team on transactions where the NHS experience is of great assistance.
Members of the public sector team have been involved in healthcare projects for over 25 years. The team worked on the first "unconventional finance" projects whose genesis was the sale by the NHS of surplus land assets following the closure of large psychiatric hospitals. These projects were a forerunner to PFI projects and private patient units ("PPUs"). The work has included acting for the relevant NHS bodies as well as for private sector providers and funders.
The healthcare and commercial issues for PPU and PFI projects have largely remained unchanged since the earliest projects such as the BMI Bishops Wood Hospital that is within Mount Vernon Hospital. It was at Mount Vernon that our team members put together the contractual structure that has effectively been used ever since. This structure has survived the test of time and is now standard market practice.
Our cross departmental team spans across a wide range of practice areas and has lawyers who can advise on all aspects of a healthcare transaction including corporate M&A, capital markets, real estate, commercial contracts, finance, competition, regulatory, IP, pensions and employment.
"They take the time to understand us and base their advice very much on our objectives… They're a bit like an extension of us.”
Client Feedback Report 2015
Advised the shareholders on the sale of luxury care homes operator Silk Healthcare to Methodist Homes.
Advised Acadia Healthcare on the acquisition of Priory Group, a leading provider of behavioural healthcare facilities in the United Kingdom.
Advised this US based provider of inpatient behavioural healthcare facilities on a US$662 million agreement to acquire Partnerships in Care.
Advising on the restructuring of this private hospital in Kent including the sale of its shares and associated debt restructuring.
UK Specialist Hospitals (UKSH)
Advising on the sale of this specialist hospital group (that provides elective orthopaedic surgery to the NHS in the UK South West region) to Care UK.
Royal National Orthopaedic Hospital NHS Trust
Advising the Royal National Orthopaedic Hospital NHS Trust on its projects to procure new hospital facility as well as a private patient unit on its site at Stanmore, North London.
University College Hospital NHS Foundation Trust and the Christie NHS Foundation Trust
Advising a medical equipment manufacturer bidding for contracts for the supply and maintenance of proton beam therapy equipment for the Department of Health's pilot projects.
Hospital project, Libya
Advising a bidder on the maternity and diagnostic hospital project in Libya.
Ministry of Justice
Advising the UK Ministry of Justice. On projects for custodial and probation services that have involved significant elements of mental health and substance abuse services. For example, we advised on a series of projects to build new PPP prisons. These included the outsourcing of custodial services, including the co-commissioning of healthcare and education (including substance misuse services).
Royal Bank of Scotland (‘RBS’)
Advising RBS on a number of transactions including: on aspects of a loan facility of £355 million to London & Regional Properties Limited to buy a group of companies that owns 91 freehold nursing homes in the United Kingdom; on the £30m financing for the acquisition and development of a portfolio of care homes by Avery Healthcare; and on aspects of a £165 million pay-in-kind facility, which formed part of an overall debt funding package of £1.4 billion used by investment house Three Delta LLP to buy Four Seasons Health Care from Allianz Capital Partners.
Advising the Chandler Corporation on its investment into the Medical City in the Philippines and various investments in Indonesia, India, Bangladesh, Kenya, Pakistan and the United States.
Baring Private Equity Asia
Advising Baring Private Equity Asia on an investment in a healthcare company in Indonesia.
Our team's experience also includes the following:
Acted for the sellers on the sale of Healthcare Homes, the leading elderly residential care provider in East Anglia, to Omega Healthcare, a US REIT, for a total consideration in excess of £115 million including a complex group re-organisation to split the properties from the operating business, to facilitate Omega Healthcare being able to acquire the target.
Acted on the acquisition of CARE Fertility, the UK’s leading independent provider of fertility treatments, genetic diagnosis and embryo screening techniques. It operates seven full-service clinics across the UK and Ireland, supported by a network of satellite centres. The company has been at the forefront of IVF science for 20 years, and its clinicians are able to offer the most advanced and effective procedures available today.
Acted on the acquisition of Glenside. Glenside provides specialist assessment, treatment and rehabilitation for adults with acute or long-term neurological conditions, including traumatic brain injury, through a complete range of rehabilitation services. It operates from sites in the South of England and has an outstanding reputation for the high quality of its care.
Acted on the acquisition and subsequent disposal of Kisimul, a long-established provider of quality education and care services to children and young adults with complex learning difficulties, challenging behaviour, autism and global developmental delay.
Acted on the acquisition and disposal of Advanced Childcare, a specialist provider of residential care, education and foster care to young people with behavioural, emotional and social difficulties.
Acted on the acquisition and disposal of DATIX, a provider of patient safety and risk management software to the healthcare industry. Its products are used widely within both the public and private healthcare sectors.