Circle making progress

Circle CEO Paolo Pieri has said the group’s development is ‘progressing quickly’ following its acquisition and subsequent de-listing from the London Stock Exchange in 2017.

The company, which currently has three facilities in Bath, Reading and Nottingham and runs a number of facilities as part of its integrated care business, reported total revenue of £147.5m for the 12 months ended 31 December 2017 against £133.5m the previous year.

Circle Health Holdings Ltd (formerly DMWSL 849 Ltd) acquired 100% of the share capital of Circle Holdings plc for £69.2m on 26 April 2017.

Its latest report filed with Companies House covers the period from the acquisition to the year-end hampering like-for-like comparisons, but it treated 246,000 patients and reported turnover of £100.9m for the eight-month period. Operating losses, stated after acquisition costs of £2.6m, came in at £6.3m while pre-tax losses stood at £6.5m.

Looking ahead Pieri said: ‘The group’s development is progressing quickly. We’re excited by a number of new projects in the pipeline, including a chain of healthcare clinics and services in China along with a new hospital and rehabilitation centre under construction in Edgbaston.’