1. Cinven Ltd., manager of a 6.5 billion-euro ($8.7 billion) buyout fund, agreed to buy British United Provident Association Ltd.'s U.K. hospitals for 1.44 billion pounds ($2.85 billion) as the government sends more patients to private facilities to reduce waiting times.
2. It will finance the deal with 369 million pounds of cash from its latest buyout fund, and the rest with loans secured on BUPA's real estate assets. It may consider selling shares of the business on the stock exchange at a later date.
Revenue is in noticing and heeding customer diversions
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