17 May 2012
We’re proud to release Spire Healthcare’s 2011 annual results, which show sustained growth in patient, consultant and staff satisfaction, clinical quality, revenue and investment. We truly believe we are achieving our goal of being the leading private healthcare provider in the UK.
Highlights from 2011 include:
- 98% of patients rated Spire ‘excellent’, ‘very good’ or ‘good’
- Investment of £44m, which included:
- the acquisition of Lifescan, the UK’s leading independent provider of CT health checks
- three new MRI and two new CT scanners
- Sterile Service Department upgrades at three hospitals
- Development of Spire’s 38th hospital – the £30 million Montefiore Hospital in Brighton and Hove
- Spire was chosen to be the Official Healthcare Partner at St George’s Park – The Football Association’s inspirational new home for innovation in sporting performance
- Spire staff raised and donated more than £94,000 to charities and local communities
- A strong financial performance with EBITDAR¹ at £188 million – an increase of 10.8%
- Spire had over 223,000 patient discharges – an increase of 1.1% from 2010
Rob Roger, CEO of Spire Healthcare, says: “Spire is a highly successful company. This comes from always putting our patients first and continuously investing in technology, staff and facilities - we have spent more than £400 million since the company was formed in 2007.
“We offer a full range of integrated surgical, medical and diagnostics services for people with private medical insurance and those who choose to pay for their own treatment. We also work collaboratively with the NHS to provide hospital capacity for its patients, which helps reduce waiting lists.
“These results demonstrate that Spire’s focus on clinical excellence has resulted in a strong and growing business. Spire is highly cash generative and is able to invest significant sums every year in improving both the quality and the range of our services. We look to the future with confidence.”
¹ EBITDAR is earnings before interest, tax, depreciation, amortisation and rental payments