Spire Healthcare Advances Share Buyback Strategy

Spire Healthcare ( (GB:SPI) ) has issued an announcement.

Spire Healthcare Group PLC announced a repurchase of 47,905 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. The shares were purchased at prices ranging from 225.50 GBp to 227.50 GBp and will be cancelled, reducing the total number of shares in issue to 402,901,824. This move is part of their strategy to manage the capital structure efficiently, enhancing stakeholder value and maintaining market competitiveness.

More about Spire Healthcare

Spire Healthcare is a prominent independent healthcare group in the United Kingdom, operating 38 hospitals and over 50 clinics, medical centers, and consulting rooms across England, Wales, and Scotland. The company collaborates with over 8,600 consultants to provide personalized care to over one million patients annually, offering services in private GP networks, occupational health for over 800 corporate clients, and is a leading provider of knee and hip operations. Spire Healthcare also provides private and NHS mental health, musculoskeletal, and dermatological services under the Vita Health Group brand. It is listed on the London Stock Exchange and is a member of the FTSE 250.

YTD Price Performance: 1.46%

Average Trading Volume: 524,743

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £918.1M

See more data about SPI stock on TipRanks’ Stock Analysis page.