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Home Industry News BMI Healthcare reports year-on-year growth in latest fiscal report

BMI Healthcare reports year-on-year growth in latest fiscal report

27th November 2013

BMI Healthcare has published its financial results for the business year ending on September 30th 2013, during which it experienced growth in terms of underlying revenues and earnings.

The private healthcare provider saw revenue from continuing operations rise by 2.1 percent year on year to 851.3 million pounds, driven by an increase in complexity and growing NHS caseload volumes, while earnings were up by 3.8 percent to 208.9 million pounds.

It is expected that improvements will continue over the coming 12 months as the firm continues to benefit from the multi-year contracts it has in place, as well as early signs of stabilisation in some parts of the insured market, growing NHS volumes and ongoing growth in acuity.

Stephen Collier, group chief executive of BMI Healthcare, said: "This performance reflects our continued focus on operational efficiency, clinical effectiveness and cost rationalisation programmes."

This comes after the organisation strengthened its capital structure with the completion of an amend and extend arrangement with its banking syndicate earlier this year.ADNFCR-8000103-ID-801665560-ADNFCR

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