Project: Acquisition of a majority shareholding in Assura Medical Limited, from Assura Group

Role: Advised Virgin Healthcare

2010

Quayle Munro advises Virgin Healthcare on the acquisition of Assura Medical Limited

March 2010:

Quayle Munro Limited is pleased to announce that it has advised Virgin Healthcare Holdings on its acquisition of a majority shareholding in Assura Medical Limited (“AML”) from Assura Group. AML operates a number of GP Co’s which are healthcare provider organisations formed in partnership with GPs. They provide a range of primary and intermediate community-based care services and have established themselves as high-quality and cost effective care providers to NHS patients. Quayle Munro advised Virgin on the structuring and execution of the transaction.

Andreas Wesemann, Managing Director at Quayle Munro, commented: “Quayle Munro is delighted to have advised Virgin on its investment in AML. Virgin Healthcare is ideally positioned to take advantage of the shake-up of healthcare provision in the UK as patients and commissioners seek better, more flexible and cost-effective treatment. Virgin has a strong record of providing high-quality customer service, and we are confident that it will develop into a major force in the UK healthcare sector in coming years.”

Patrick McCall, Managing Partner Health & Wellness, Virgin Group, said: “Healthcare is a sector that the Virgin Group has been extremely interested in entering for some time but we have always said that the partner and the timing had to be right – with Assura we believe we have found the perfect partner. We are very pleased to have worked with Quayle Munro on this transaction.”