Shares in Spire Healthcare jumped more than 16% on Monday after the British hospital operator confirmed preliminary talks with private equity firms Bridgepoint Advisers and Triton Investment Advisers. The company, which runs 38 hospitals and over 50 clinics across England, Wales, and Scotland, announced the discussions as part of a strategic review launched last September.

Under the U.K. Takeover Code, the buyout firms have until February 21 to either announce a firm intention to make an offer or confirm they will not proceed. The deadline can be extended with the Takeover Panel's consent. The company cautioned that the talks are at an early stage and there is no certainty an offer will materialize.

Spire's market reaction reflects investor optimism for a potential premium buyout. The UK private healthcare sector has seen consolidation as operators navigate NHS waiting lists and cost pressures. A successful deal would mark a significant move for one of the country's largest independent hospital groups, offering shareholders an exit at a valuation above its current trading level.