Pre-tax profits at Hermitage private hospital increase by 4% to €2.6m

Pre-tax profits at a private hospital co-owned by beef baron Larry Goodman and developer Sean Mulryan last year rose by 4% to €2.66m.

Accounts just lodged with the Companies Office show that Hermitage Clinic Ltd recorded the increase in pre-tax profit after revenues last year increased by 3% from €52.99m to €54.44m in the 12 months to the end of December last.

The clinic is a 101-bed hospital in Lucan, Dublin, and according to the directors’ report: “During the year, the hospital continued to suffer price reductions from health insurers and other purchasers.