BMI Healthcare

THM advises BMI on the significant recapitalisation and transfer of ownership to its major landlord, Hospital Topco Limited

January 2019

THM were introduced to BMI Healthcare during Q1 2018, with Mike Thomas being appointed as Chief Restructuring Officer and Chairman of the Restructuring Committee and Neil Robson taking non executive board appointments alongside Mike across the BMI Group.

In December 2018, BMI Healthcare successfully concluded the transaction which saw a capital injection into BMI Healthcare of approximately £60m, a reduction in its annual rent of £65m, refinance of its £115m of banking facilities until 2023, transfer of ownership to Hospital Topco Limited and the extinguishment of various liabilities in excess of £600m.  These contributions will fund a £250m capital investment programme which is already underway and will accelerate the reconfiguration and refurbishment of BMI Healthcare’s extensive estate and underpin the continued delivery of patient care.

You can read our full client announcement by downloading the PDF below.

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