BC Partners sells Elysium Healthcare in a £775m exit

Feb 2, 2022 | News

Ramsay Health Care has completed its £775m acquisition of Elysium Healthcare, a mental health care provider with operations across the UK.

Elysium is an independent operator of long-term medium and low secure hospitals and complex care homes for individuals with mental health conditions and has a strong partnership with the NHS.

The deal provides Ramsay with an opportunity to enter the growing UK mental health hospital market at scale with opportunities for both organic and inorganic growth while also expanding the services it can offer in the UK.

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Ramsay Health Care, which employs more than 80,000 people at in excess of 460 sites around the world, has bought Elysium from private equity firm BC Partners.

Elysium Healthcare launched in December 2016 and is headquartered in Borehamwood. Backed by BC Partners, the company brought together strategic sites from the portfolio of Partnerships in Care and The Priory Group when they were sold by Acadia Healthcare. Further acquisitions subsequently enlarged the group.

The chief executive of Elysium, Joy Chamberlain, has led the business since it was formed in 2016 and will remain in the role following completionreporting into Ramsay chief executive Craig McNally.

“Ramsay will benefit from the significant skills and experience of Elysium’s clinical and management teams,” said McNally. “Acquiring Elysium strengthens our mental health portfolio across the UK, Europe, Scandinavia and Australia.

“As well as creating new, integrated treatment pathways for our patients, it will provide exciting opportunities for our people to collaborate and develop their expertise.”

Details of the advisers who worked on the deal were not disclosed.

Source: Insider Media

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