Dutch bank ABN AMRO has acquired British mental health care specialist Priory Group in a deal worth €1.29 billion in shares and debt.
Priory Group, which has more than 1,800 beds in 42 locations, has been sold by private equity firm Doughty Hanson, three years after it acquired the company.
Doughty is said to have made a return of at least four times its original equity stake. The size of Doughty's holding - and that of chief executive Chai Patel and other management - has not been disclosed.
