The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 252.00
Bid: 251.50
Ask: 252.00
Change: 0.00 (0.00%)
Spread: 0.50 (0.199%)
Open: 257.50
High: 257.50
Low: 251.50
Prev. Close: 252.00
SPI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Spire Healthcare Does Not Expect Financial Harm From Patient Recall

Mon, 27th Jan 2020 09:02

(Alliance News) - Spire Healthcare Group PLC said Monday it does not expect to have a material financial exposure after recalling patients over fears of unnecessary procedures carried out by an orthopaedic consultant.

Spire Healthcare issued the response on Monday following several media reports late Friday saying over 200 of Habib Rahman's patients have been recalled following an investigation by the Royal College of Surgeons.

Rahman is an orthopaedic consultant who had practising privileges at Spire Parkway Hospital, and who currently practices within the NHS at University Hospitals Birmingham NHS Trust, where he is employed, Spire explained.

His practice has been operating under restrictions since September 2018, however, and Spire fully suspended him in January of 2019.

"Spire Healthcare routinely audits patients' clinical outcomes and has a proactive approach to engaging with other healthcare providers to improve standards. Following an investigation into potential concerns with certain shoulder treatments carried out by Mr Rahman, Spire restricted Mr Rahman from practising," the company said.

Spire said it asked the Royal College of Surgeons to review Rahman's practice, which has led to the patient recalls.

"Spire liaised closely with University Hospitals Birmingham NHS Foundation Trust, the Care Quality Commission and the General Medical Council to inform them of the review findings and Spire's plans to inform relevant patients," it said.

On the guidance of the Royal College of Surgeons, Spire wrote to Rahman's patients letting them know they need a follow-up, and will be seen by an independent surgeon to review both their care and post-operative recovery.

"That process is still on-going. Any claims arising as a result of this process should be met by Mr Rahman and his insurance. We do not expect the company to have a material financial exposure to such claims," Spire added.

The company said it will defend any claims made against it but stressed they would be covered by its existing indemnity arrangements.

Shares in Spire Healthcare were 0.4% lower in London on Monday morning at 133.50 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
21 Dec 2020 18:10

UK TRADING UPDATE SUMMARY: Novacyt Tests Can Spot New Virus Strain

UK TRADING UPDATE SUMMARY: Novacyt Tests Can Spot New Virus Strain

Read more
18 Dec 2020 16:22

UK EXECUTIVE CHANGE SUMMARY: Cheshire Steps Down As Barclays UK Chair

UK EXECUTIVE CHANGE SUMMARY: Cheshire Steps Down As Barclays UK Chair

Read more
9 Dec 2020 13:46

Wednesday broker round-up

(Sharecast News) - National Grid: Citigroup upgrades to buy with a target price of 970p.

Read more
9 Dec 2020 09:50

UK BROKER RATINGS SUMMARY: Citi Upgrades National Grid And 3i Group

UK BROKER RATINGS SUMMARY: Citi Upgrades National Grid And 3i Group

Read more
8 Dec 2020 14:34

IN BRIEF: Spire Healthcare In Talks With NHS England For New Contract

IN BRIEF: Spire Healthcare In Talks With NHS England For New Contract

Read more
4 Dec 2020 15:53

Spire Healthcare Writes To 5,500 Ex-Patients Of Disgraced Surgeon

Spire Healthcare Writes To 5,500 Ex-Patients Of Disgraced Surgeon

Read more
4 Nov 2020 09:40

UK BROKER RATINGS SUMMARY: BofA Raises Lloyds; Liberum Likes Landsec

UK BROKER RATINGS SUMMARY: BofA Raises Lloyds; Liberum Likes Landsec

Read more
4 Nov 2020 08:06

LONDON BRIEFING: Blue Wave Hits Red Wall In Tight US Presidential Vote

LONDON BRIEFING: Blue Wave Hits Red Wall In Tight US Presidential Vote

Read more
28 Oct 2020 13:47

Wednesday broker round-up

(Sharecast News) - DCC: RBC Capital Markets upgrades to outperform with a target price of 7,400p.

Read more
28 Oct 2020 09:34

UK BROKER RATINGS SUMMARY: RBC Raises DCC; Credit Suisse Cuts Aveva

UK BROKER RATINGS SUMMARY: RBC Raises DCC; Credit Suisse Cuts Aveva

Read more
18 Oct 2020 22:20

Sunday share tips: Inspiration Healthcare, Spire Healthcare

(Sharecast News) - Take a deep breath. It's possible to do good and make money - at the same time even.

Read more
28 Sep 2020 13:48

Monday broker round-up

(Sharecast News) - William Hill: RBC Capital Markets downgrades to sector perform with a target price of 300.0p.

Read more
28 Sep 2020 08:18

JPMorgan upgrades Spire Healthcare to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded private hospital operator Spire Healthcare to 'overweight' from 'neutral' and lifted the price target to 175p from 136p as it said pent-up demand is building in both the private sector and the NHS and that Spire is well-placed to deliver capacity.

Read more
23 Sep 2020 09:37

UK BROKER RATINGS SUMMARY: ODDO BHF Upgrades Astra And Glaxo

UK BROKER RATINGS SUMMARY: ODDO BHF Upgrades Astra And Glaxo

Read more
17 Sep 2020 13:16

Spire Healthcare Withholds Dividend Amid Swing To First Half Loss

Spire Healthcare Withholds Dividend Amid Swing To First Half Loss

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.