SPIRE healthcare announces RESULTS
Spire Healthcare Group plc , one of the UK's leading independent hospital groups, announced its preliminary results for the year ended 31 December 2015. Spire grew revenue by 3.4% to £884.8m in 2015 with growth across all payor groups.
- Revenue increased by 3.4% to £884.8m (2014: £856.0m)
- In-patient and daycase admissions grew 3.7% to 270,000 cases (2014: 260,300)
Rob Roger, Chief Executive Officer of Spire Healthcare, said:
"2015 saw the eighth consecutive year of sales growth and, in the year, growth across all three payor groups. The unexpected regulatory guidance from Monitor in August 2015, which resulted in the falling-off of the Local Contract component of NHS activity in the second half of the year, reduced revenue growth to 3.4% compared to the compound annual growth rate of 6.7% from 2009-14. Our EBITDA(2) margin remained above 18% and our EBITDA to operating cash flow conversion was 104%. All of this illustrates the resilience of our business model.