Legal & General's venture capital arm is close to finalising...
Legal & General's venture capital arm is close to finalising a deal to buy ten hospitals from Bupa for £100m.
According to reports, Legal & General Ventures has been granted preferred bidder status by Arbuthnot, the advisory firm overseeing the auction.
L&G is reported to be considering a sale and leaseback arrangement for the portfolio, which includes 50-bed Dunedin hospital in Reading.