US alternative asset manager Blue Owl Capital has completed the purchase of a portfolio of 12 Spire private hospitals in the United Kingdom from Malaysia's Employees Provident Fund in a deal valued at approximately £1.3 billion (€1.55 billion).

According to a report by The Star, the acquisition was made through Blue Owl's European Net Lease Fund, a vehicle through which the group has raised approximately €1.3 billion to date. Moor Park Capital Partners, which currently manages the properties, will be retained as asset manager following the transaction. EPF had appointed property broker Knight Frank to sell the portfolio last year.

The deal transfers one of the UK's most significant private hospital property portfolios from a long-term institutional investor to a specialist real estate capital manager with a growing European healthcare footprint. The retention of Moor Park Capital Partners as asset manager provides operational continuity across the 12 Spire facilities, preserving established management arrangements while bringing new ownership to bear on the portfolio.

For private healthcare operators and property investors, the transaction underscores the sustained appeal of private hospital real estate as a long-duration, income-generating asset class. UK private hospital facilities, underpinned by stable operator tenants and long-term lease structures, continue to attract significant institutional capital from both domestic and international sources seeking resilient exposure to healthcare infrastructure.

The scale of the Blue Owl transaction also reflects the depth of appetite among alternative asset managers for European healthcare real estate, where demographic pressures, constrained public sector capacity, and growing private patient demand are reinforcing the investment case for well-located, operationally established hospital assets.

The European Net Lease Fund's deployment into UK private hospital property marks a significant commitment to the sector from Blue Owl, positioning the manager as a meaningful participant in the healthcare real estate market at a time when consolidation of hospital property ownership is accelerating across the UK and broader European markets.