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Prices & Quotes - UK Markets - Spire Healthcare Group (SPI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 233.50p
Change Today:
3.00p
Market Cap:
936.58m
Sector:
Medical Equipment and Services

Spire Healthcare buys majority stake in Sheffield hospital for 15.7m

By Frank Prenesti

Date: Thursday 23 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Independent hospital group Spire Healthcare said it had bought an 87% stake in the operating assets of the Claremont Private Hospital in Sheffield for 15.7m in cash from Aspen Healthcare.
Spire added it had agreed a long-term lease with Aspen Healthcare's owner, NorthWest Healthcare Properties REIT, on market based terms.

The hospital has 46 beds and three operating theatres, and specialises in orthopaedics, general surgery and neurosurgery. In 2019 the hospital generated 20.3m of revenue, with proforma core earnings of 2.7m.

Spire said the facility gives it "a high quality hospital in South Yorkshire, an area with a large population where (it) currently has no presence, and where the group anticipates strong demand for self-pay procedures".

A group of consultants, most of whom have practising privileges at the hospital, will hold a stake in the hospital.

"The acquisition is expected to be accretive to Group EBITDA and earnings in the first full year, with further opportunities for operating synergies in the medium term through the adoption of Spire Healthcare's systems, procurement network and practices," the company said on Thursday.

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SPI Market Data

Currency UK Pounds
Price 233.50p
Change Today 3.00p
52 Week High 254.50p
52 Week Low 146.60p
Volume 136,834
Shares Issued 401.10m
Market Cap 936.58m
Beta 0.05

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What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
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SPI Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 30-May-19
Paid 10-Dec-19 25-Jun-19
Amount 1.30p 2.50p

Trades for 26-Jan-2022

Time Volume / Share Price
10:48 300 @ 233.50p
10:29 1,692 @ 234.49p
10:29 417 @ 233.50p
10:29 449 @ 234.00p
10:29 895 @ 234.00p

SPI Key Personnel

CEO Justin Ash
CFO Jitesh Himatlal Sodha