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Blackrock brings investment in UK hospital group to GBP120m

BlackRock has invested GBP20m in Circle, Europe’s largest clinician partnership with the UK’s biggest pipeline of new build private hospitals.

Circle is the fastest growing independent hospital operator in the UK and is majority owned by its employees.

It currently operates three hospitals and two clinics, including Europe’s largest day-case treatment centre in Nottingham.

The company has ambitious plans to open and operate over the next few years a further 27 new generation hospitals. 

The first of these hospitals will be opening in Bath in February 2010. Circle Bath is the first hospital in the world to have been designed by Foster + Partners, in collaboration with the doctors that will work in the facility.

Circle has raised nearly GBP120m from external investors.

Ali Parsa, managing partner of Circle, says: “BlackRock’s investment is a vote of confidence by one the world’s largest institutional investors in Circle’s partnership model and our commitment to rethink the way that healthcare is delivered. With long term investors of the reputation and quality of BlackRock, Circle is a proof of how some of the best investors are prepared to back companies that are absolutely focussed not on short term quick wins but on a consistent long term effort to redefine the value proposition of their sector."

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