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Home Healthcare Markets Business Advent snaps up Priory after Bain flops

Advent snaps up Priory after Bain flops

The Royal Bank of Scotland (RBS) has reached an agreement to sell the Priory Group to Advent International for £925m. The deal is equivalent to 9.25 times reported (but unconfirmed) EBITDA of £100m for the year ending December 2010, and Advent has solicited the services of Credit Suisse, Deutsche Bank and RBS to act as…

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