Nestor Gets Approached

Nestor Healthcare, a UK healthcare services group, announced that it received a private equity approach last week.

No private equity firm was named and Nestor said that no discussions have as yet taken place with the potential offeror.

Shares in Nestor, which has a market cap of approximately Gbp205m (US$403m), have surged 13.75p at the beginning of this week, and were trading at 181.5p at 11.30am GMT today, up 0.83% on yesterday's close of 180p.

Nestor was previously the subject of private equity speculation in 2003 and acquired subsidiary Healthcall from Bridgepoint in 2001.