Bristol Hospice Sale Moves Into Second Round of Bids
The sale of Bristol Hospice by private equity backers Webster Equity Partners is moving into the second face of the acquisition process. The remaining bidders are all private equity firms, with strategic buyers stepping out of the process after the first round, which took place last week, PE Hub reported. Bids are reportedly reaching as high as $1 billion.
“The second round is to refine the offers from the first round,” Andre Ulloa, principal with Team M&A at American Healthcare Capital, told Hospice News. “Typically, you’ll land on your buyer at the conclusion of the second round.”