Spire Healthcare signs 4-year health insurance service deal with Bupa


Spire Healthcare Group PLC on Wednesday said it signed a new four-year agreement with private healthcare provider Bupa.

The agreement will see Spire Healthcare provide services to its UK health insurance customers until March 2026. The pricing will also include an agreed inflationary mechanism during the period, Spire added.

‘The new contract will build on the group's excellent relationship with Bupa and will include progressive expansion of the existing network of cancer specialist centres offered to Bupa customers and the introduction of new pathways for musculoskeletal disorders,’ the London-based company explained.

Spire Healthcare outlined its long-term financial objectives ahead of its capital markets event, later on Wednesday.

The private healthcare provider said it was targeting new services bringing in more than £50 million in revenue, an earnings before interest, tax, depreciation and amortisation margin above 20% and a return on capital employed above 10%.

Shares in Spire Healthcare were down 1.5% at 233.50 pence on Wednesday morning in London.

Copyright 2022 Alliance News Limited. All Rights Reserved.