Carillion looks to sell its UK Healthcare arm
Construction giant Carillion has been struggling for some time, yet this is set to change. With losses of over £1 billion in just six months, the company has been rumoured to be selling off its UK healthcare business after increased interest from potential investors who view its long-term potential.
At present, the company is a leader in facilities management for the National Health Service, leading to a large number of proposals from potential investors. It has been stated that the company aims to receive over £300 million for a potential sale.
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“The Board of Carillion confirms that, consistent with Carillion’s announcement on 29 September 2017, it has received proposals from more than one credible counterparty for a possible acquisition of that business,” the company said.
“A further announcement will be made as and when appropriate.”
At present, the company is removing itself from all public-private partnership deals, but is continuing to work on the development of hospital facilities globally. However, staff shortages are responsible for ongoing delays to such construction works.