Spire Healthcare Group plc
("Spire Healthcare" or the "Company")
Sale of site of former Spire Manchester Hospital
1 October 2018
Spire Healthcare Group plc (LSE: SPI), a leading UK independent hospital group, is pleased to confirm the sale of the site of its former hospital at Whalley Range, Manchester, to The Council of the City of Manchester for a consideration of £4.25 million (£4.05 million after costs).
The proceeds from sale will be used to reduce net debt. The impact of the profit on disposal will be treated as an exceptional item and will not impact EBITDA.
The Company opened its new, purpose-built Spire Manchester Hospital in Didsbury in January 2017 following the successful transition from the former hospital at Whalley Range.
For further information please contact:
Spire Healthcare
Antony Mannion, Investor Relations Director
+44 (0)20 7427 9160
Instinctif
Damian Reece
Guy Scarborough
+44 (0)20 7457 2020
REGISTERED OFFICE AND HEAD OFFICE
Spire Healthcare Group plc
3 Dorset Rise
London
EC4Y 8EN
Registered number 09084066
