Advent gets closer to clinching Craegmoor
Added/updated: Monday 23 June 2008, Category: News summary
Advent International is believed to have increases its offer for Craegmoor Healthcare at the end of last week to around £300m. The private equity firm is on the verge of entering exclusive negotiations to buy what is Britain’s biggest care home provider. The industry is watching the auction closely as a test of investor appetite for healthcare assets.