News Article

Candesic Managing Partner, Dr Leonid Shapiro has been chatting with Healthcare Business International (HBI) about interesting developments in the UK hospital real estate market.

HBI reports Employees Provident Fund (EPF) in Malaysia is preparing to sell a portfolio of 12 UK private hospitals operated by Spire Healthcare Group in a deal valued at around £1.4bn, a move which could reset pricing benchmarks and open new doors for investors in healthcare real estate.

Dr Leonid Shapiro says this is “a property deal, plain and simple”, driven by rent yields and asset characteristics — not operator performance, adding the sale’s success depends heavily on lease terms, the hospitals involved, and who steps up as a buyer, with REITs like MPT potential contenders.

With rising demand for private healthcare in the UK and growing international investor interest, Dr Leonid Shapiro sees EPF’s timing as favourable: “No one really expects the NHS to sort itself out any time soon, and the private sector isn’t going anywhere.”