BMI Healthcare, which operates 59 hospitals and clinics across the UK, is within days of announcing that it has reached agreement with its landlords and other creditors about a deal to relieve the financial pressure on it.
Sources said on Tuesday night that under the outline terms being finalised, BMI would see its yearly rent bill slashed from £150m to approximately £90m.
By cutting BMI’s rent bill so substantially, the deal is expected to free up large sums of capital for the company to invest across its hospital estate.
Full Story: Sky News, 25 September 2018.
