London Stock Exchange today welcomed Spire Healthcare Group plc

 

London Stock Exchange today welcomed Spire Healthcare Group plc to open unconditional dealings in its shares today.

Spire Healthcare Group plc, a leading private hospital group in the United Kingdom, is the first UK-based private hospital operator to list on the London Stock Exchange. It will be trading under the ticker SPI on the Main Market for listed securities.

Founded with the acquisition and rebranding of 25 Bupa hospitals in 2007, Spire is the second largest operator in the UK independent acute healthcare sector by revenue, operating 39 private hospitals and 13 clinics across England, Wales and Scotland. In 2013, the Group delivered tailored, personalised care to approximately 236,000 in-patients and day-case patients, and is the leading private provider by volume of knee and hip operations in the United Kingdom.

Spire’s multi-payor mix of exposure to insured, self-pay and NHS funded provision makes it well positioned to access the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of government budget constraints and increasing demand from a growing population with longer life expectancy.

Rob Roger, Chief Executive Officer said:

"Today is a moment of celebration for everyone at Spire and is an important testament to the hard work and dedication that is the hallmark of all our teams. The successful listing will allow the business to continue to grow and deliver high quality patient care by bringing together the best people and state of the art clinical technology. We look forward with confidence to our future as a public company."