Beacon Hospital delivers €5.7m profit in first full year under Macquarie ownership

The Irish Times · Irlanda · Prensahace 2 días

The Beacon Hospital group at Sandyford in south Dublin last year returned to an operating profit as revenues surged by 49 per cent. New consolidated accounts filed by Macquarie asset management firm, MEIF 7 DIAN Investments Limited, show the hospital delivered an operating profit of €5.69 million after an operating loss of €2.39 million in 2024.

Revenues jumped to €288.58 million from €193.66 million the previous year though that comparison is skewed as Macquarie did not complete the acquisition until the first half of 2024 after the Competition and Consumer Protection Commission (CCPC) cleared the purchase in February 2024. The world’s largest infrastructure manager paid €324 million for the hospital group, which had primarily been owned up to that by businessman Denis O’Brien.

The hospital group – which also operates outreach clinics in Limerick and Mullingar – recorded a pretax loss of €11.1 million last year. This, it said, was due to interest…

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