Bupa is in the final stages of completing a deal to sell 10 hospitals to Legal & General Ventures (LGV) for £100m.
Arbuthnot, running the action, is understood to have given LGV preferred bidder status.
Most of the hospitals come with their own freeholds. LGV is believed to be considering a sale and leaseback as part of the investment package.
References: Financial Times 29/03/05 page 20
