Spain: NMC-owned fertility business attracts more than 60 bids – LaingBuisson

NMC Health-owned Spanish fertility business Clinica Eugin has attracted 67 bids from several large private equity firms.

The transaction is valued between 350m 400m (US$413m US$472m), according to Expansin.

Potential candidates to acquire Clinica Eugin include companies such as CVC, Cinven, Bridgepoint or HIG, as well as KKR or EQT.

Perella Weinberg Partners are advisors.

Alvarez & Marsal were appointed joint administrators of NMC Health in April after US short seller Muddy Waters published a damaging report calling into question the companys finances and governance.

Since then the hospital operators chair, HJ Mark Tompkins, resigned in the same week the company uncovered that its debt had grown to US$6.6bn.

In July, UK hospital group Aspen Healthcare, which NMC acquired from US firm Tenet Healthcare for 10m in 2018, began to look for a new buyer.

Kelsey is a recent graduate from Cardiff University where she gained a Masters degree in Magazine Journalism and an undergraduate degree in English Literature. Her role as Editorial Assistant is her first position in the journalism industry where she hopes to progress further in the future.

Originally posted here:
Spain: NMC-owned fertility business attracts more than 60 bids - LaingBuisson

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