Stories
The Blackrock Clinic's 2019 accounts show a growing business that's preparing for its next leg of growth. How does its performance compare with the wider industry?
The Blackrock Clinic, which Larry Goodman took full control over last year, is in rude financial health. In accounts recently filed for 2019 the hospital earned €8.9 million on €136 million of revenue. By comparison, in its most recent 2018 accounts, St Vincent’s private hospital in South Dublin (Ireland’s biggest by revenue) had €448 million in revenue but earned only €1.5 million in profit. St Vincent’s tight margins would be typical of the Irish private hospital industry. Of the big seven hospital companies, the average net margin is a negative 1.2 per cent. The Goodman-owned hospitals are generally the most…
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