Law firm Stephenson Harwood LLP has advised Circle Health on a joint venture with VAMED Management und Service GmbH to provide rehabilitation services in the UK.

The joint venture company, Circle Rehabilitation Services Limited, will provide a new model of specialised, in-patient and out-patient rehabilitation services. The company plans to roll out a number of facilities in the UK beginning in Q1 2017 with an initial project at CircleReading Hospital in Berkshire.

Circle Rehabilitation Services Limited is 80.1% owned by Circle and 19.9% by VAMED, with an option for VAMED to increase its stake to 49.9% in the near term and to acquire a 50.1% controlling stake after 5 years.

The deal was led by partner Karima Hudson, with support from senior associate Phil Harris.