General Healthcare Group has produced strong revenue and profit growth during a challenging year. Revenue has increased 7.6% from 2008 levels which, coupled with tighter cost control, has seen its EBITDA margin increase from 26.4% to 26.6%. This generated EBITDA of £220.6m, up from £203.9m in 2008.
Corporate finance activities
During 2009 General Healthcare Group has strengthened its position as the leading private health care provider in the UK. The group has broadened its geographical coverage and improved its performance through the strategic acquisitions of City Medical and Fitzroy Square in central London, The Thornbury Radiosurgery Centre in Sheffield and The Woodlands private hospital in Darlington.
City Medical is a consultation and general surgery centre serving as a satellite unit to the group’s London hospitals.
Fitzroy Square boasts eight consulting rooms as well as a major and minor operating centre. It will improve accessibility for consultants and patients who spend most of their time in London.
The Thornbury Radiosurgery Centre is a joint venture between the group and the Centre’s consultants. It provides cutting edge non-invasive brain surgery used on a range of conditions.
The Woodlands private hospital is a 38 bed acute hospital in Darlington and services a key geographical position within our hospital network.
Financing and treasury transactions
No significant debt refinancing occurred during the year and there is no requirement for any refinancing in the forseeable future.