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Pre-tax profits top €13m at Galway Clinic

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The clinic is part-owned by beef baron, Larry Goodman

Pre-tax profits at the largest private hospital in the west of Ireland increased by 1.5pc to €13.15m in spite of a slight decrease in revenues in 2013.

New accounts filed for the Galway Clinic show that the hospital recorded the increase in pre-tax profits in spite of revenues dipping from €86m to €85.8m in 2013.

The clinic is part-owned by beef baron, Larry Goodman and according to the directors "the operating environment remains difficult. Continued price decreases for our services, reduced private health insurance membership due to spiralling premiums and downgrading of insurance cover have all had a serious impact on our operations".

Numbers increased from 554 to 564.

Irish Independent