UK news

 

Private hospitals publish results

 

HCA International and General Healthcare Group (GHG) have both published their results confirming strong activity remains in the UK private healthcare sector.

 GHG the largest private hospital group in the UK published its results for the 6 months to March 2009.

 For the 6 months ended 31 March 2009 revenue increased by over 8% to £407 million.

.Adrian Fawcett CEO said that while the amount of business from people with private medical care remained broadly unchanged over the year, there had been a reduction in elective surgeries – such as hip and knee operations – from people in the self-pay market.

 EBITDA  demonstrated double digit growth to £109 million reflecting the revenue growth  plus a range of efficiencies across the business.

 “Earnings are growing strongly, c£5m higher than the equivalent period last year.

 We are a highly cash generative business, growing, financially strong and well placed to continue to grow market share and to take advantage of opportunities that will continue to arise.”

 HCA reported a 14% increase in revenue for the year ending December 2008. Patient admissions rose by 2% suggesting that demand for private healthcare in Central London remains strong.

 

Source GHG / Financial Times/ Laing Buisson