Private equity firm BC Partners, owners of Elysium Healthcare, has appointed investment bank JP Morgan to run the sale of the mental health services provider.
Elysium is expected to be sold within the next few months, however the expected price of the sale is unknown, Sky News has reported.
The provider was formed in 2016 following BC Partners’ acquisition of 22 Priory and Partnerships in Care hospitals from Acadia Healthcare for £320m.
BC Partners is reportedly seeking a valuation above the 2016 price in the upcoming sale.
The provider has since expanded and operates more than 70 sites spanning disability services, neurological and specialist mental health care through to Child and adolescent mental health services, rehabilitation and acute and intensive care.
Last month, Elysium purchased a specialist eating disorder hospital from The Huntercombe Group.
JP Morgan and Elysium Healthcare declined to comment. BC Partners have been contacted for comment.