Mills & Reeve advise on transaction by NHS trust to purchase private hospital
The acquisition, which completed on 30 September 2020, saw the purchase of The Sandringham Hospital (formerly owned by BMI Healthcare Limited) and a transfer of 76 BMI staff to The Queen Elizabeth Hospital in King’s Lynn, located just next door.
The deal promises improved care for patients with space created for 30 in-patient beds as well as two additional operating theatres. These facilities will provide additional capacity for planned NHS operations and procedures.
Natalie Wade, partner in Mills & Reeve’s health & care team said: “This has been a great deal to work on and will open up many opportunities for The Queen Elizabeth Hospital to provide extra care to NHS patients that need it.”
“It is not often that NHS bodies engage in this kind of acquisition so it was an exciting transaction for us to be a part of and a fantastic team effort from all involved.”
It is hoped that in the future the trust will also be able to use the site to offer a small private practice which will generate additional income to be reinvested into NHS services.