Spire Healthcare (LON: SPI) shares surged more than 15 percent after the company confirmed it is in early-stage discussions with private equity firms Bridgepoint Advisers and Triton Investment Advisers as part of its ongoing strategic review.
The FTSE 250 hospital operator noted recent media speculation. The talks follow the company's review launched in September 2025. Spire stressed the discussions are preliminary and that “there can be no certainty that any offer will be made for the Company nor as to the terms of any offer, if made.”
Under UK takeover rules, both Bridgepoint and Triton have until 5 p.m. on Feb. 21 to either announce a firm intention to make an offer or confirm they do not plan to proceed. The deadline may be extended with consent from the Takeover Panel.
The company also reiterated a previously granted dispensation allowing it to avoid naming any other potential bidders unless they are identified in market rumours.
Spire said a further update will be provided “in due course as appropriate,” but gave no additional details on valuation expectations or potential deal structures.
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