Cygnet acquires Cambian’s adult services business for £377m

Cygnet Health Care is to acquire Cambian Group’s adult services business for £377m in a deal that will see 81 facilities with a total of 1,193 beds transferred to Cygnet by the end of the year. Cambian told its shareholders that the disposal amount represented an enterprise value of 2.9x on the £129.5m turnover achieved…