UK - Duke Street sells Affinity to Priory

Affinity operates around 250 beds in the north of England and works with more than 80 NHS trusts. Duke Street acquired the bsuinses in 2004 for £69m and achieved a turnover in the 12 months to 30 June 2009 of £42.1m.

Pinsent Masons provided legal advice to the vendors.

The exit is the second in recent weeks for Duke Street, having sold its remaining stake (57%) in French hospital business Proclif to Predica recently. Predica, a division of Crédit Agricole, then sold it on to Australia's Ramsay Healthcare for a reported EUR 87m.

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