Spire Healthcare Shows Growing Revenue and Profits

British private healthcare group Spire on Thursday posted strong half-year results in its income statement.

Spire Healthcare reported steady growth in its half-year report, with revenues up 38.9% from the same period last year. Pre-tax profit was also up, to £ 4.7million ($ 6.5million), compared to last year’s figures when the group recorded a loss of £ 231.3million ( $ 319.7 million).

Uncertainty related to Covid-19

The group said it would review its structure and capital allocation, including its future dividend policy – no dividends have been paid since the cancellation of its final dividend in 2019, due to the uncertainty caused by Covid-19.

Spire Healthcare, which is a leading independent hospital group in the UK, in July rejected plans to buy out Australian medical group Ramsey Health Care.

“The board of directors of Spire Healthcare and its advisors have supported the proposed transaction, and it has been proposed to shareholders. The company respects the point of view of shareholders who have not provided enough voice to support the plan of arrangement and is confident that it remains well positioned to succeed as a stand-alone business, ”the statement said.

Focused future

Spire said the period of “uncertainty” is behind it and has not impacted the operational performance of the company.

“We remain focused on our goal of making a positive difference in the lives of patients through exceptional personalized care,” the statement said.

Speyer stock was up 0.21% to 237p in the early hours of London today.

Read more: Spire Healthcare shareholders reject £ 1bn takeover bid from Australian rival Ramsey

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