Thomson Snell & Passmore delivers a seamless shareholder exit and refinancing for a healthcare provider

We advised a UK-based healthcare provider on a complex, multi-stage restructuring and refinancing.

The challenge

The shareholders wanted to enable a smooth exit for one of the founding owners, while securing a new long-term banking partner to support future growth. This required careful coordination across corporate, banking, security and regulatory matters – within a tight timeframe and without disrupting ongoing operations.

Our approach

Working closely with the Group and its wider advisory team, we advised on and implemented a multi-stage group restructuring. This included:

• Establishing a new holding structure
• Transferring operating entities and property interests within the group
• Managing the release of existing lender security
• Putting in place a new, fully aligned security and guarantee package.

We worked closely with both outgoing and incoming lenders to ensure a smooth transition throughout.

The outcome

The new funding enabled the buyout of the exiting founder on agreed terms, delivering a clean and orderly exit.

The business is now positioned for future growth with:

• A simplified and more efficient structure
• A supportive lending partner
• A capital framework aligned with its long-term strategy.

All achieved without disruption to operations or regulatory relationships.

Our expertise

This transaction highlights our ability to deliver complex restructurings—bringing together shareholder objectives, lender negotiations and group reorganisation while maintaining business continuity.

Joanne Gallagher, M&A Partner and Head of the Corporate team led the legal team on the restructuring and was assisted by Will Chivers (Associate) and Anthony Morton (Partner, Banking & Finance).

If you would like information in relation to group reorganisations, please contact Partner and Head of Corporate & Commercial, Joanne Gallagher.