PE-backed Saga Pays $195M for Nestor Healthcare

Saga Group, which is owned by private equity firm Acromas Holdings, will acquire Nestor Healthcare for roughly 124 million pounds ($195.6 million), Reuters reported. The deal, at 110 pence per share, represents a 4% premium over Nestor’s closing price Friday. U.K.-based Nestor provides health and social care services. Saga sells insurance, financial services and vacation packages to people aged 50 and older, Reuters said.

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