Rehab chain The Priory Group, famous for treating celebrities from Robbie Williams to model Lady Isabella Hervey, has been snapped up by a Dutch private equity firm for £1.1billion.
The group, which specialises in treating drink and drug addictions, has looked after business figures like Antonio Horta- Osorio, the departing Lloyds Bank boss, who stayed there, recovering from insomnia and exhaustion.
Private equity firm Waterland yesterday bought it for less than the £1.3billion Acadia paid for it five years ago.
Former patient: The Priory Group has looked after celebrities from Robbie Williams (pictured) to model Lady Isabella Hervey
The chain has several NHS contracts to run mental heath services, and was fined £300,000 last year after a 14- year-old girl with a history of suicide bids was found dead in her room.
A judge found it had failed its duty to ensure people were not exposed to health and safety risks.
The Priory has 450 clinics, and treats 30,000 patients a year.
Waterland plans to combine the business with German chain Median.
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