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One source reckons Mediclinic is just a few weeks away from submitting a formal approach for Spire.
I don't have much more information than that but I have been told any offer is likely to be at about a 30pc premium to the current share price. However, people familiar with the company tried to play down the tale, unsurprisingly.
Now, to be clear I'm not the first financial journalist to raise the prospect of a Mediclinic bid for Spire Healthcare.
In late August, several British stock market reporters picked up on a note from JP Morgan, which theorised that now might be the right time for FTSE 100-listed Mediclinic to buy the remainder of Spire given the currency fluctuations post the Brexit referendum.
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