BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Tuesday, 11 June, 2002, 16:52 GMT 17:52 UK
Priory clinics sold for 288m
Rolling Stone Ron Wood
Ron Wood was treated by The Priory
The Priory clinic chain, famous as a retreat for overwrought celebrities, has been sold for 288m.

Priory Healthcare, which has centres across the UK, was bought by its management on Tuesday, bankers said.

The chain is the UK's leading private psychiatric care company, and had a turnover of 109m in 2001.

Its clinics treat drug and drink abuse, eating disorders and behavioural problem, and several celebrities have passed through its doors, including Rolling Stones guitarist Ronnie Wood and former Wet Wet Wet frontman Marti Pellow.

Specialist care

UK merchant bank Rothschild said the management buy-out was backed by venture capitalists Doughty Hanson.

Priory Healthcare split from parent company Westminster Healthcare in May, when the latter company was itself the subject of a 267m management buy-out.

Westminster Healthcare operates the former combined company's senior living, rehabilitation services, specialist units, intermediate care services and respite care.

See also:

30 Jun 00 | Entertainment
Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes