Fall in number of people with health insurance hits profit at Bon Secours

Reductions in the numbers holding private health insurance contributed to profits at the country’s largest privately owned hospital group decreasing by 36% to €7.4m in 2012.

New figures lodged by Bon Secours Health Systems Ltd show the group recorded the drop in profits in spite of revenues increasing from €221.79m to €223.3m in the 12 months to the end of Dec 31, 2012.

The directors state that the income and surplus were achieved “in a difficult trading environment”.