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West Private Equity continues to target UK healthcare services

West Private Equity has continued to target the healthcare services sector with its acquisition of Clinovia, the UK leader in the provision of hi-tech homecare services, from French LVL Medical Groupe. The transaction has been valued at £33.4m.

A number of rival private equity firms including, 3i, Gresham, HgCapital and Phoenix Equity Partners were also interested in acquiring the healthcare company.

West Private equity is partly owned by German West LB but is managed independently. The firm already owns Southern Cross, a UK residential care provider.

The healthcare services sector has attracted increasing interest from private equity players in recent months. The combination of strong demand for healthcare services as the population ages and the highly fragmented state of the sector is judged to provide strong consolidation opportunities.

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