The Priory rehabilitation clinics chain set for listing
A chain of private rehab clinics best known for helping wean celebrities off their addictions yesterday confirmed plans for a stock market flotation as it looks to an "ambitious expansion programme".
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.