Spire Healthcare
|
| ||||||||||||||||||||||||
Business description
Spire Healthcare is one of the two largest private hospital groups in the UK. The group consists of 36 acute care hospitals spread throughout the country. The patients treated in Spire's hospitals are either covered by private medical insurance, are paying for their own treatment, or being paid for by the National Health Service (NHS) to ease capacity constraints in the NHS itself.
The long-term dynamics of the UK private healthcare market are favourable due to demographic trends, new medical technologies and increased out-sourcing from the NHS to independent operators such as Spire. The private hospital market is a defensive segment in an economic downturn. The core private medical insurance market has historically been stable.
Cinven strategy
Having invested in Partnerships in Care, General Healthcare Group and Générale de Santé, the Cinven Healthcare sector team is unrivalled in experience and was able to identify significant opportunities to improve operational efficiency and increase growth at Spire Healthcare. The strategy for Spire is to boost organic growth by increasing the level of capital investment in the services and assets of the business, to refocus Spire as a premium private provider, to improve operational performance and to re-align its central functions. There are also opportunities to make add-on acquisitions, such as Thames Valley and Classic Hospitals, which were acquired in 2008.
For more information, see the Spire Healthcare case study in ‘Sector Expertise’.
