Wednesday, April 29, 2015

Profit from José de Mello Health rises 30% to 16.4 M € in 2014 – Digital Journal

Since operating income increased 7.8% to 532.1 million euros, driven by the growth of private health care activity (8.6%) and activity in the public health care sector (5.4 %).

“For the first time in the history of José de Mello Saúde consolidated operating income exceeded the barrier of 500 million euros, reflecting the growth of health care activity, both private and public” stressed in a statement Salvador de Mello, president of the José de Mello Saúde.

The costs grew 5.5% to 473.4 million euros, with operating profit (EBITDA) advanced 30.2% to 58 6 million euros.

“Notes to greater efficiency at the operational level in 2014, starting to obtain the benefits of the efforts of recent years, which allowed the José de Mello Saúde increased net income and also an improvement in EBITDA which was reflected in the margin grew 1.9 percentage points to 11%, “added Salvador de Mello.

In 2014, units of the José de Mello Saúde made about 1.8 million visits, an increase of 14% compared to 2013. There were also operated 78,000 patients, an increase of 8% over the previous year and was met in emergency more than 560,000 people, an increase of 7% compared to 2013.

More than seven thousand children born in the units, which represents an increase of 7% over the same period.

As a result of the exercise of call options on real estate Hospital CUF Infante Santo and CUF Hospital Findings and subsequent resale, via leasing, the other items of comprehensive income recorded an amount of EUR 13.5 million.

“With this real estate transaction the Comprehensive Income Consolidated reached 30 million euros in 2014, giving an additional contribution to the strengthening of the Group’s equity, “said the president.

The CAPEX (investment) consolidated the José de Mello Saúde was 80.7 million euros, divided between real estate investment (64.3 million) and investment in buildings and equipment (EUR 16.6 million).

The high value of the real estate investment resulted the property acquisition transaction, Hospital CUF Discoveries and Hospital CUF Infante Santo, cited above.

“Despite the high investment, the consolidated net debt increased by only 23.4 million euros compared to 2013 , standing at EUR 102 million, which was due to the positive generation of most Group units and additional debt contracting cash flows to cover the investments, “the José de Mello Saúde.

According to the company, “These results reinforce the growth project of José de Mello Saúde, which will proceed with the construction of a new hospital in Lisbon, an estimated investment of 100 million euros”.

In this project added “the expansion of Findings CUF Hospital, the release of CUF Hospital Viseu – which will be available at the beginning of the year 2016 – and the acquisition of Santarém Private Hospital,” said

<. p> Digital Money with Lusa

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