Private equity fund, Carlyle Cardinal Ireland (CCI), has agreed to buy a 38% stake in the Sports Surgery Clinic in Santry in Dublin for an undisclosed fee.
The private hospital, which employs over 300 people, specializes in orthopaedic surgery, spinal surgery and sports medicine.
The deal is subject to approval from the Competition and Consumer Protection Commission (CCPC).
The hospital was opened 12 years ago and has 63 in-patient beds, 26 day-care beds and 21 consultancy suites.
It also has five ultra-clean-air operating theatres for orthopaedic and spinal surgical procedures.
It also has a diagnostic-imaging service including two 3-Tesla MRI scanners and a 64-slice CT scanner, as well as a physiotherapy and rehabilitation department.
A sports medicine laboratory was also recently developed to provide performance rehabilitation, running clinics, fitness testing and physiotherapy services.
Two more theatres will also be added as part of the investment, increasing surgical capacity by 40%.
"The investment from CCI allows us to accelerate our growth and we plan to begin work in the near future on expanding the hospital," said Dr. Josh Keaveny, Chief Executive of SSC.
"This expansion will significantly increase our capacity which will enable us to treat more patients."
Jonathan Cosgrave, Managing Director, The Carlyle Group and John Dolan, Managing Director, Cardinal Capital Group, will join the board of directors of SSC as part of the deal.