Blue Owl Capital has acquired a portfolio of 12 UK private hospitals from Malaysia’s Employees Provident Fund (EPF) in a transaction valued at approximately £1.3bn, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The assets, which comprise a portfolio of Spire hospitals, will continue to be managed by Moor Park Capital Partners, with the firm retaining its role as asset manager following completion of the deal, the sources said.
The acquisition was completed through Blue Owl’s European Net Lease Fund, which has reportedly secured around €1.3 billion in capital commitments since launch.
EPF instructed Knight Frank to market the hospital portfolio last year. Blue Owl and Moor Park Capital declined to comment on the transaction, while EPF had not responded to requests for comment at the time of publication.
The deal comes as investor appetite remains strong for real estate assets offering stable, long-term income streams, despite subdued activity across the wider commercial property market. Properties with inflation-linked and long-duration leases have continued to attract institutional capital, with healthcare real estate standing out as a particularly resilient sector due to its defensive characteristics and the presence of government-backed or quasi-public sector tenants.
Healthcare property has been the focus of several notable transactions in recent months. Earlier this year, Primary Health Properties completed its acquisition of Assura following a competitive takeover process involving KKR. The company is also reported to be exploring the sale of a stake in a £700 million private hospital portfolio to Singapore’s GIC as part of efforts to reduce leverage after the acquisition.
Demand for private healthcare services in the UK has continued to rise as the National Health Service works to address treatment backlogs that expanded during the Covid-19 pandemic. According to research published by YouGov, one in seven people accessed private healthcare either for themselves or a family member during the 12 months to August 2025.
