Birmingham based Orbis Partners has advised on the sale of Regis Healthcare to Elysium Healthcare.
Regis employs 190 staff and operates a 21-bed low secure hospital in South Wales for females between the ages of 13-18, who are experiencing complex mental health issues. It says it has “significant growth opportunities” to expand the business into other regions after establishing strong relationships with both NHS England and NHS Wales.
Orbis prepared the business for a sale and subsequently advised on a sale process on behalf of Regis shareholders. The Orbis team was led by partner, Shah Zaki, director, Steve Nock and executive, Liam Hadfield.
Elysium is owned by Ramsay Healthcare which has a market cap of $11bn and operates health care facilities in Australia, Europe and Asia.
Jamie Morgan, majority shareholder of Regis, said: “We worked with Orbis for many years, they helped us shape the business for an exit and demonstrated great knowledge of the healthcare sector. Orbis did a fantastic job and I would have no hesitation in recommending them.
“I am delighted that Elysium will be taking these services forward. It is an exciting time for staff to be joining the company and I know that the services will continue to flourish with their leadership.”
Zali added: “We want to firstly congratulate the management team on developing a high-quality hospital providing great care for its patients. We are delighted to have advised the shareholders on the sale of the business to Elysium Healthcare.”
Legal advice to the shareholders provided by Geoff Kettle and Jen Hicks-Jones from Higgs & Sons.