Blackrock Clinic posts €11.8m profit
Published 10/11/2011 | 05:00
PROFITS at Blackrock Clinic continued to rise last year as the exclusive hospital saw revenues jump yet again.
According to accounts just filed, the clinic, which counts beef boss Larry Goodman among its shareholders, made a profit of €11.8m after tax for 2010.
That represented an increase of just over 9pc on 2009 when the hospital earned €10.8m. Turnover increased 3pc to €86.6m, while shareholders' funds jumped nearly 15pc to €67.9m
The profits came on the back of "higher in-patient and daycare activity as a result of an increase in in-patient and daycare capacity following the opening of the hospital's new extension," the company said.
During the year the clinic completed the second phase of an expansion programme which saw the refurbishment of the existing hospital and the opening of three new floors.
The hospital is undergoing a multi-million euro renovation and in the directors' report it said it had invested some €103.6m into its facilities.
Close to two-thirds of that has been spent on the expansion and refurbishment programme, while another €5.6m has been spent on what it described as "high-technology medical equipment".
The new floors include a new daycare unit, two operating theatres, 78 private rooms and a emergency department.
The higher activity levels at the hospital as a result of the increase in capacity resulted in a net increase in the number of staff at the hospital.
The number of full-time direct employees rose by 43 to 631 during the year. In addition, Blackrock employs around 100 people indirectly through catering and cleaning contractors.
The hospital also employs "medical personnel through agencies and in addition there are a number of medical consultants and their secretarial staff working on campus".