Ramsay doubles French presence

Ramsay Health Care has agreed to buy the largest operator of psychiatric hospitals in France for €150m (about $224m) with a mix of cash and existing debt facilities.   The purchase of Medipsy will nearly double Ramsay’s presence in France. The 2600 bed network of clinics produced €150m of revenue this year but is only expected to enhance earnings from 12 months' time. Medipsy offers a range of psychiatric treatments to patients and hosts continuing education courses to train psychologists and physicians. Ramsay first entered the French market in 2010 when it purchased 57% of hospital operator Group Proclif...

Ramsay Health Care has agreed to buy the largest operator of psychiatric hospitals in France for €150m (about $224m) with a mix of cash and existing debt facilities.  

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