£1,511.2m
revenue up 11.2% from 2023
Our annual report for 2024 outlines our key achievements delivered through our strategy, our progress on sustainability, and all our financial results.
It has been a year of good progress across the group. Our strategy is helping us to meet the changing demands for healthcare, as we expand our reach beyond our hospitals and clinics to help meet Britain’s healthcare needs. We continued to grow and cared for over 1.3 million patients in 2024. The business delivered a good financial performance in a dynamic macroeconomic environment, and we expect to make further good progress in 2025 by making further savings across the business.
Our model for success
Delivering sustainable shareholder value
Delivering societal value
We are helping to meet Britain’s healthcare needs by running great hospitals, developing new services and living our purpose of ‘making a positive difference to people’s lives through outstanding personalised care’.
revenue up 11.2% from 2023
operating profit up 9% from £126.2m in 2023
adjusted EBITDA up 11.1% from 2023
adjusted EBITDA margin up 0.4 percentage points from 2023 for the hospital business
ROCE up from 7.5% in 2023
“2024 was a year of many achievements as we deliver on our strategy and continue to transform the business in a changing environment. We are a diversified, integrated business with resilience for the future, and I am confident of our continued growth into 2025. Thank you to all colleagues, consultants and leaders for their efforts and commitment.”
Justin Ash
Chief Executive Officer
Our strategy helps us to meet more of Britain’s healthcare needs. It is a strategy that works by focusing on quality and safety, champions sustainability throughout the organisation, recognises the vital role our colleagues play, helps us to expand into new areas of healthcare to meet more people’s needs, and delivers a strong financial performance for our shareholders while generating value for all our stakeholders.
Continue to grow across our existing hospital estate with increasing margins.
Read moreMaintain strong quality and safety credentials for patients and as a competitive advantage.
Read moreBecome recognised as a leader in sustainability in our industry.
Read moreSelectively invest to attract patients and meet more of their healthcare needs.
Read moreinvested in upgrading and maintaining our estate, up from £84.4 in 2023
in efficiency savings delivered 2024
Largest UK private healthcare provider by turnover
We are becoming an integrated healthcare provider, looking after people’s health and wellbeing with a range of private GP, occupational health, musculoskeletal and, mental health and NHS talking therapies services. We are seeking new ways to tackle the causes of ill health and low productivity, supporting choice, and partnering with the NHS while offering synergies to our hospital business.
In 2022, we acquired The Doctors Clinic Group, which now provides occupational health and private GP services under Spire Occupational Health and London Doctors Clinic brands. In 2023, we acquired Vita Health Group, a market-leading provider of NHS talking therapies, musculoskeletal and dermatology services, as well as corporate and occupational health services. In 2024 we opened three new clinics in Wales, Norwich and Harrogate, and started offering online mental health services under Spire Mental Health. In early 2025, we acquired Acorn Occupational Health, contributing further to the reach of our occupational health offering.
These services comprise the primary care services section of our business, complementing the hospitals business.
people cared for in 2024
of hospital patients rated their experiences as ‘good’ or ‘very good’
corporate clients in Spire Occupational Health and Vita Health Group
appointments in Spire GP and London Doctors Clinic
of overall waste is recycled in the hospitals business, up from 35% in 20223
Below you can find a selection of our previous annual reports. Other reports and accounts can be found in our full archive.
We want to become recognised as a leader in sustainability in our industry and it is a core component of our operations. By managing sustainability successfully, we aim to create lasting social economic value. We aim to develop a business that is fit for purpose now and capable of providing lasting impact in the future. Through our sustainability strategy we seek to create value in the workplace, our local communities and the environment. We believe that acting conscientiously and investing responsibly to achieve positive social and environmental outcomes, are critical to the long-term success of Spire Healthcare.
There are three elements to the strategy:
“Spire has continued to deliver on its strategy, across our financial, quality and people measure. Our market fundamentals remain strong. This encouraging performance is testament to Spire’s culture.”
Sir Ian Cheshire
Chairman