The Priory rehabilitation clinics chain set for listing
The Priory said the move would help reduce its debt pile and subsequently help it attract funding for future growth to meet a growing need for independent specialist mental healthcare.
It said the listing was expected later this year and the firm intended to appoint advisers soon.
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Hide AdThe Mail on Sunday yesterday reported that a deal would see taxpayer-backed Royal Bank of Scotland increase its stake from 45 per cent to 75 per cent in exchange for slashing the company’s 1 billion debt. According to the report the firm is expected to attain a valuation of 1.3 billion when it lists.