Looking After You

Spire Healthcare Group plc Annual Report 2022

Our year in review

We have seen a rebound in demand for private healthcare and our teams have worked hard this year to position the business to meet this demand. The board was delighted to see yet another increase in our quality scores, with a record 98% of our hospitals now rated as ‘Good’ or ‘Outstanding’ by CQC, or its equivalent in Scotland and Wales.

Sir Ian Cheshire
Chairman

Our colleagues have worked hard to create a strong platform for growth, with safety and quality at the heart of everything we do. More than ever before, personalised quality care is our daily responsibility, delivered by our talented, committed hospital teams, nurses and allied professionals, and of course, our consultant partners.

Justin Ash
Chief Executive Officer

Financial highlights

Revenue

£1,198.5m

FY21: £1,106.2m

Adjusted EBIT

£105.6m

FY21: £81.1m

Adjusted EBITDA

£203.5m

FY21: £178.2m

ROCE

6.2%

FY21: 4.9%

Our five pillars

1. Driving hospital performance

Continue to grow across our existing hospital estate with increasing margins. As a preferred provider and partner, we aim to offer an outstanding patient experience in our hospitals, and ensure we are easy to do business with.

2. Build on quality

Maintain strong quality and safety credentials for patients and as a competitive advantage. With a proven integrated governance model and a strong quality improvement culture, we remain fully focused on quality and patient safety across the organisation.

3. Invest in our workforce

With the shortage of clinical staff across the healthcare sector, we aspire to attract, retain and develop the most talented people to our business.

4. Champion sustainability

Become recognised as a leader in environmental, social and governance (ESG) in our industry. Spire Healthcare’s purpose, strategy and sustainability ambition are integrally linked to each other. By managing sustainability successfully, we aim to create lasting economic and social value.

5. Expand our proposition

Selectively invest to attract patients and meet more of their healthcare needs. Expanding our proposition enables us to meet changing demands for healthcare, reach a wider target market, and provide a broader service to patients and the public.