Spire Healthcare

Spire Healthcare

Leading provider of private healthcare, with 39 private hospitals and 13 clinics throughout the UK.

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DateInvestorsAmountRound
investor

€0.0

round
N/A

€0.0

round
N/A

€0.0

round
investor

€0.0

round
N/A

£2.1b

Valuation: £2.1b

1.9x EV/Revenue

11.8x EV/EBITDA

Acquisition
Total Funding000k
Cinven
Cinven(exited)
Mediclinic
Mediclinic(exited)

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2021202220232024202520262027
Revenues0000000000000000000000000000
% growth20 %8 %13 %11 %6 %5 %5 %
EBITDA0000000000000000000000000000
% EBITDA margin16 %16 %16 %17 %17 %18 %19 %
Profit0000000000000000000000000000
% profit margin(1 %)1 %2 %2 %2 %4 %4 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Equity research estimates

Notes (0)
More about Spire Healthcare
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Spire Healthcare Group plc operates as a significant provider of private healthcare in the United Kingdom, established in 2007 following the acquisition of Bupa's hospitals by the private equity firm Cinven. The company went public with an initial public offering on the London Stock Exchange in July 2014, trading under the ticker SPI. Justin Ash has been serving as the Chief Executive Officer since joining in October 2017.

The group manages a network of 39 private hospitals and a number of clinics across the UK, positioning itself as a key player in the independent healthcare sector. Spire Healthcare's business model is centered on providing a comprehensive range of medical and surgical services to privately insured, self-funding, and National Health Service (NHS) patients. Revenue is generated through the delivery of these healthcare services, which encompass diagnostics, inpatient, daycase, and outpatient care in over 300 specialties. This includes complex procedures such as cardiac and neurosurgery, as well as orthopaedics, oncology, and general surgery.

Spire's services are delivered through its network of well-equipped facilities, which include advanced diagnostic and surgical technologies. The company emphasizes patient safety and quality of care, a focus that became particularly prominent following issues uncovered at its Solihull and Little Aston hospitals related to the surgeon Ian Paterson. Since then, Spire has implemented robust clinical governance and quality improvement programmes across its locations. The company plays a crucial role in the UK healthcare landscape by offering patients an alternative to the NHS, thereby reducing waiting lists and providing choice. It works in partnership with over 8,700 experienced consultants to ensure a high standard of treatment and care for its patients.

Keywords: private healthcare, hospital network, surgical services, medical diagnostics, patient care, UK healthcare, clinical services, orthopaedics, oncology, elective surgery

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Investments by Spire Healthcare

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London Doctors Clinic
ACQUISITION by Spire Healthcare Dec 2022
Vita Health Group
ACQUISITION by Spire Healthcare Oct 2023
Claremont Private Hospital
ACQUISITION by Spire Healthcare Sep 2021
Acorn Occupational Health
ACQUISITION by Spire Healthcare Apr 2025
Physiolistic
ACQUISITION by Spire Healthcare Jul 2025