In 2019, the Beacon Hospital in Sandyford in west Dublin generated revenues of €144 million and made a pre-tax profit of €1.8 million. The profit was a turnaround on reversal years, and reduced retained losses slightly to €113 million. However, the group prefers to point towards its earnings figure before interest, tax, depreciation, and amortisation are taken into account. On that basis, it had an EBITDA figure in 2019 of €17 million. In the 12-month period leading up to the end of 2019, the hospital’s boards of directors had approved €69 million on an ongoing capital investment programme. Now, as…

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