Beacon losses continue to rise

Losses continued to mount last year at the Beacon Private Hospital with pre-tax losses totalling €8.7m.

Newly filed accounts show that UPMC Beacon Hospital Sandyford Ltd — now renamed Beacon Hospital Sandyford Ltd — recorded the losses in spite of marginally increasing revenues, which went from €70.1m to €71.6m, in the 12 months to the end of last June. The Beacon generated losses of €9.8m in 2012.

The hospital’s struggles coincided with a continuing drop in numbers on private health insurance — there are now just over two million people with in-patient cover, compared with almost 2.3m people when the market peaked in 2008.