An announcement from Spire Healthcare ( (GB:SPI) ) is now available.
Spire Healthcare has announced the acquisition of Acorn Occupational Health Limited for an initial consideration of £3.3 million, aiming to expand its footprint in the Occupational Health Services sector. This acquisition is part of Spire’s strategy to grow its Primary Care Business, which saw a 15% revenue increase in 2024, and is expected to enhance Spire’s ability to secure nationwide contracts and support organic growth, with the Occupational Health market in the UK valued at £1.5-2 billion and growing at 6% annually.
More about Spire Healthcare
Spire Healthcare is a leading independent healthcare group in the United Kingdom, operating 38 hospitals and over 50 clinics, medical centres, and consulting rooms across England, Wales, and Scotland. It provides a network of private GPs and occupational health services to over 800 corporate clients, and is the leading private provider of knee and hip operations in the UK. Spire works with over 8,600 experienced consultants to deliver personalized care to over 1 million patients annually, offering a range of private and NHS services under the Vita Health Group brand. The company is listed on the London Stock Exchange and is a member of the FTSE 250.
YTD Price Performance: -20.97%
Average Trading Volume: 728,175
Technical Sentiment Signal: Buy
Current Market Cap: £718.8M
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