Spire Healthcare Group (SPI) is the second-largest provider of private healthcare in the UK, where it functions as an independent hospital group. The group provides diagnostics, inpatient, day-case and outpatient care in areas including orthopaedics, gynaecology, cardiology, neurology and oncology. It also owns and operates Perform, a sports medicine, physiotherapy and rehabilitation brand.
The group was founded in 2007 following the acquisition and rebranding of 25 Bupa hospitals by UK private equity firm Cinven. In 2008, Spire added 10 hospitals when it acquired Classic Hospitals Group from LGV Capital for a total consideration of £145m ($196.2m, €172.7m).
Spire has continued to expand its hospitals by acquiring Claremont Private Hospital on 1 December 2021. Based in Sheffield, Claremont specialises in orthopaedics, general surgery and neurosurgery. The group now operates 40 hospitals and eight clinics across England, Wales and Scotland.
Spire went public in July 2014 and is listed on the London Stock Exchange under the ticker SIP.
In 2020, the National Health Service (NHS) patients contributed 47.6% of the company’s revenue. Private medical insurance (PMI) patients accounted for 37.4% of its revenue, while the remaining 15% was from self-pay patients.
In July 2021, Spire’s shareholders, including Toscafund Asset Management and Fidelity International, rejected a £1.4bn merger proposed by Australian-listed Ramsay Healthcare.
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