Shares of Spire Healthcare Group (LON:SPI) rose more than 9% on Friday after the UK-based independent hospital group confirmed it has begun a strategic review that could include a sale.
The company said the review follows media reports and that it has entered preliminary discussions.
Spire said its board believes the current market value does not reflect its asset base or operational progress.
The group cited its freehold property portfolio, valued at more than £1.4 billion at the half-year, as well as a well-invested asset base and efficiency initiatives. Spire said these elements are not fully represented in its share price.
The review will consider a range of options aimed at unlocking value, the company said.
Those options include, but are not limited to, a potential sale. The company emphasized the process remains at an early stage and no decisions have been made.
Source :
https://www.investing.com/news/stock-market-news/spire-healthcare-shares-jump-over-9-as-company-weighs-potential-sale-4246250
