US fund in €320m bid for Blackrock and Hermitage clinics

24th December, 2014

HIG Capital, a multibillion dollar US private equity fund, has made a dramatic play to acquire two of the country’s best known private hospitals, lodging bids worth a combined €320 million for the Blackrock Clinic and Hermitage Clinic.

The Florida fund has lodged separate bids for the Dublin hospitals in recent days. HIG has teamed up with the wealthy Irish businessman John Flynn, a founder of the Blackrock Clinic, for the ambitious move,...

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