BUZZ-Spire Healthcare Group: post-IPO cheer continues
(Clarifies Cinven is a majority shareholder)
** Spire Healthcare Group jumps 8.7 pct and is now up nearly a fifth since its IPO last month.
** The British hospital group reported 9.3 pct increase in adjusted EBITDA, and revenue rise of 10.5 pct.
** Investec (LSE: INVP.L - news) initiates "buy" rating on stock.
** Brokerage sees Spire (Stuttgart: SIZ.SG - news) grabbing market share in the fast-growing private hospital sector owing to well-invested real estate & strong consultant relationships.
** As at 30 June 2014, the company operated 39 private hospitals and 13 clinics across England, Wales and Scotland.
** European private equity firm Cinven is the majority shareholder in Spire, owns 58%.
(aashika.jain.thomsonreuters.com@reuters.net)