|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.0041 - 0.0041|
|52 Week Range||0.0021 - 608.9000|
|Beta (3Y Monthly)||6.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Budget cuts at Britain's National Health Service has led to fewer referrals to big private healthcare providers. To cope with the loss in referrals, Spire said in September it would reduce capital spending and focus on self-paying patients. "We are taking a measured approach to 2019, which will be a year of consolidation," Chief Executive Officer Justin Ash said.
(Reuters) - Shares of Spire Healthcare Group Plc (SPI.L) fell 12 percent on Tuesday, after Britain's second-largest healthcare firm cut its core earnings forecast for the full year. The company, which ...
Investors turned their back on struggling private hospital operator Spire Healthcare on Tuesday after it posted “disappointing” results and downgraded annual guidance. The NHS impact, along with investments in the business, contributed to pre-tax profits in the half-year to June dropping 7.9% to £8.2 million. Spire now expects full-year profits to be in the range of £120 million to £125 million, well below the £150 million analysts had pencilled in.
Shares of Britain's largest independent hospital group dropped 12 percent to an all-time low 148.6 pence after the report, which also predicted full-year core earnings would fall by up to a fifth, to 120-125 million pounds. Spire, BMI Healthcare and Nuffield Health have helped the NHS cope with pressures on services in recent years, but their earnings and revenue have taken a hit as the NHS prioritises emergency cases and makes cuts elsewhere, focusing on essential health services. Spire shares have now fallen 40 percent this year.
Spire generates a third of its revenue from work carried out on behalf of the NHS, which has been operating with an about 1 billion pound ($1.3 billion) deficit and a shortage of beds and staff. Companies such as Spire, BMI Healthcare and Nuffield Health have helped the NHS cope with the shortage, but their earnings and revenue have taken a hit as the NHS prioritises emergency cases and makes cuts elsewhere, focusing on essential health services. Spire shares were down 22 percent at 193 pence at 1040 GMT on London's FTSE 250 (.FTSE) index.