Spire Healthcare Group
plc
('Spire Healthcare', 'the
Company' or 'the Group')
Portfolio management: Spire
Tunbridge Wells Hospital
3 April 2024
Spire Healthcare Group plc (LSE:
SPI), a leading independent healthcare group in the UK, announces
the sale of one of its leasehold hospitals, Spire Tunbridge Wells,
to the Maidstone and Tunbridge Wells NHS Trust ('the Trust'), a
major acute hospital trust in the south-east of England. The
transaction includes the sale of the business and assets of Spire
Tunbridge Wells. The consideration was £9.975m. The sale was
completed on 31 March 2024.
Spire Healthcare remains committed
to growth and takes a consistent and proactive approach to
portfolio management. Following the transaction, the Group operates
38 hospitals (19 freehold and 19 leasehold properties). This
transaction reflects Spire Healthcare's continued focus on
disciplined capital allocation and meeting its stated ROCE
targets.
Following completion of the
transaction for a period expected to be around six months, Spire
Healthcare will manage the hospital operations on behalf of the
Trust continuing to provide treatment to both private and NHS
patients.
Spire Tunbridge Wells is rated Good
by the CQC, comprising 28 beds, 10 consulting rooms, 2 operating
theatres and an endoscopy suite. Approximately 130 consultants
operate from the hospital. For the year ended 31 December 2023, the
hospital generated revenue of £12.7m and EBITDA of £1.1m. Leasehold
rent incurred during the period was £0.4m and net cash generation
(excluding working capital movements) was £0.7m. Capital
expenditure during the year was £0.4m.
- Ends
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For
further information please contact:
|
Spire Healthcare
Angus Prentice - Director of Investor
Relations
|
+44 (0)7974 982 512
|
|
Instinctif Partners
Damian Reece
Guy Scarborough
|
+44 (0)7931 598 593
+44 (0)7917 178 920
|
Registered Office and Head Office:
Spire Healthcare Group plc
3 Dorset Rise
London
EC4Y 8EN
Registered number
09084066
About Spire Healthcare
Spire Healthcare
is a leading independent healthcare group in the
United Kingdom, with 38 hospitals and over 50 clinics, medical
centres and consulting rooms across England, Wales and Scotland. It
operates a network of private GPs and provides occupational health
services to over 800 corporate clients.
Working in partnership with over
8,600 experienced consultants, Spire Healthcare delivered tailored,
personalised care to over one million inpatients, outpatients and
daycase patients, and occupational health programme clients, in
2023, and is the leading private provider, by volume, of
knee and
hip operations in the United
Kingdom. It also delivers a range of private and NHS mental health,
musculoskeletal and dermatological services.
Spire Healthcare's well-located and
scalable hospitals have delivered successful and award-winning
outcomes, positioning the group well with patients, consultants,
the NHS, GPs and Private Medical Insurance ('PMI') providers. 98%
of Spire Healthcare's inspected locations are rated 'Good,'
'Outstanding' or the equivalent by health inspectors in England,
Wales and Scotland.
Spire Healthcare is listed on the
London Stock Exchange and is a member of the FTSE 250.