Spire Healthcare has extended the deadline for Toscafund to finalize its £1 billion takeover bid, pushing the decision date from July 9 to August 6.
The private hospital operator granted the extension to allow hedge fund tycoon Martin Hughes and his investment vehicle more time to resolve outstanding terms for the 250p-a-share offer.
The move signals that negotiations remain active despite the initial deadline passing.
By extending the window, Spire’s board indicates a willingness to continue discussions rather than immediately rejecting the proposal or seeking alternative bids.
The 250p price represents a significant premium to recent trading levels, reflecting the strategic value of Spire’s network of private hospitals in the UK.
Toscafund, led by Hughes, has been pursuing the acquisition as part of a broader strategy to consolidate assets in the private healthcare sector.