RE: Covid low10 Sep 2021 19:34
Ironic that investors have given the benefit of the doubt to Spire Health Care who published this in yesterday's RNS
"Spire said it expected Covid-related costs to be offset by improvements in testing and progressive efficiency measures providing a platform for margin expansion in 2022.
Given the positive underlying trends, we are confident 2021 revenue will be materially above 2019," the company added.
It also expects core earnings to recover from the July and August levels to trade in line with 2019 over the last four months of the year, assuming Covid cases do not rise materially.
Should it do so, the operating impacts seen in July and August could prevail for the rest of the year," Spire said.
Chief executive Justin Ash said the company had seen "unprecedented" demand from private patients as National Health Services waiting lists climbed due to a backlog for routine treatments."
Now Spire describe themselves as "Spire Healthcare is a leading independent hospital group in the United Kingdom, with 39 private hospitals and 8 clinics across England, Wales and Scotland.
Spire Healthcare delivered tailored, personalised care to approximately 750,000 in-patients and daycase patients in 2020, and is the leading private provider, by volume, of knee and hip operations in the United Kingdom."
So who is likely to be supplying those artificial hip and knees replacements?