Revenue
£1,106.2m
2020: £919.9 million
Looking After You
Spire Healthcare Group plc Annual Report 2021
Our year in review
It’s been enormously exciting, getting to meet people in my first year as Chairman, and actually having the opportunity to visit hospitals again. I’ve really been struck by the commitment and professionalism of our teams, and the enthusiasm they have for what they do.
Sir Ian Cheshire
Chairman
Our strategy to focus on being the first choice for private patients has provided a solid base for future margin expansion. The investments we have made over several years in high quality standards have also played an important part in keeping patients safe.
Justin Ash
Chief Executive Officer
Financial highlights
Conversion of EBITDA to cash 2021
106%
2020: 99%
Private patient revenue growth 2021
£765.7m
2020: £473.2 million
Net debt / EBITDA 2021
2.3x
2020: 3.9x
Case studies
Investing in digital and our estate
We stepped up our investments in quality, our core estate and digital systems in 2021. Overall capital expenditure increased to £77.1m, which included a strategic review of our Magnetic Resonance and Computed Tomography (MR CT) asset base.
Quality improvement
We have always been a company that has acted quickly to rectify any issues, and seek ways to improve quality right across the organisation. This year we have moved to an even more proactive approach to quality improvement, through our new Quality Improvement (QI) strategy.
Investing in talent
For Spire Healthcare, attracting, retaining and developing the most talented people to our business is a high priority. And we are committed to providing opportunities for all colleagues to develop their skills and experience.
Waste and recycling
Ensuring that we manage our waste properly, and recycle what we can, is vitally important for a business like ours in the healthcare sector. It is all about doing the right thing, contributing to our carbon reduction programme, protecting the environment, and ultimately reducing costs.
