Spanish hospitals face EBITDA drops but sales remain strong
publication date: Jun 20, 2011
The latest report from Antares Consulting makes fascinating reading. It reveals that EBITDA for the Spanish private, for profit hospitals fell by nearly a percentage point to just 10.1% in 2009. The authors expect a further similar drop in 2011.
That hides some big variations. The administrative concessions had EBITDA of just 4%, compared to 11.8% for companies working mainly on public sector contracts and nearly as much for those working with insurers. Despite the recession, Antares reckons that things will improve from the second half of 2011 onwards. It estimates that private hospitals saw growth slow to 2.8% in 2010 and that sales came to nearly EUR6bn or just under 15% of the total market. We examine the report in more detail.
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