Nuffield Health the group of private-hospitals is looking into a sale of some of its assets amidst concerns over its debt mountain.
Nuffield, a registered charity based in Surbiton, Surrey, is looking to reduce its debt, which stood at £340m in the 2007 reports of accounts.
Considerations include the sale of Vanguard, its mobile operating-theatre division, which is said to be worth £35m. Its management are thought to be a highly probable buyer for the division. Advisers are being consulted on the sale.
Nuffields assets include Cannons, the gym chain it acquired in 2007 for £170m, Vale Healthcare Ltd, which provides outpatient services and Nuffield Heath Wellbeing, which provides health services for corporate clients.
Nuffields is due to open The Guildford Clinic in early in 2009, which will be a state-of-the-art day case unit with three theatres, the most advanced diagnostic and screening equipment, as well as outpatient facilities.
It has been reported that the healthcare group is financially healthy with lower debt at the end of 2008 than at the end of 2007.
