The Royal Bank of Scotland’s Leveraged Finance department, part of the bank’s Structured Finance division, has provided £255 million to support Doughty Hanson’s acquisition of Priory Healthcare Group (PHG) from Westminster Healthcare and to fund future acquisitions.

Priory Healthcare Group is the UK market leader in the provision of private acute psychiatric care, the fastest growing segment of the private healthcare market. PHG operates a total of 35 hospitals/facilities, with 1,285 beds, although intends to expand its facilities via development of existing facilities and new sites and acquisitions of smaller competitors.

Jackie Allen, Director of Leveraged Finance at the Royal Bank of Scotland said: “We are delighted to support Doughty Hanson in their acquisition and proposed development of Priory Healthcare Group. Priory Healthcare Group is the clear market leader in the private acute psychiatric care market, with an unrivalled brand and reputation for standard of care. The Group’s first class management team led by Chai Patel and Serena Stewart have a proven track record, and the expertise to expand the business”.

Notes to Editors:

The Royal Bank of Scotland Structured Finance Division employs 500 people operating in 8 countries and 14 locations. RBS Structured Finance operates as a lead arranger and underwriter for syndicated loans, project and export finance, leveraged and acquisition finance and property finance.

Issued by:
Ila Kotecha
PR Manager
The Royal Bank of Scotland
Corporate Banking & Financial Markets
Tel. 020 7920 5402

For further information contact:
Peter Goody
Associate Director
The Royal Bank of Scotland Leveraged Finance
Tel: 020 7375 8340