He Imed hospital groupwhich arose from the Levante Hospital in Benidorm which opened its doors in 2004, continues its strong growth in the private healthcare sector. Hospimar 2000, the holding company that brings together the different companies of the holding, increased its consolidated business by 20% in 2023, to exceed 207 million euros.
His pull came from the hand of the insurance sector, which accounts for more than half of its income. Thus, last year income from insurance companies stood at 123.1 million euros, 23% more. In the case of the provision of services to individuals decreased by 25.6%up to 31.59 million euros. For its part, billing to Public Health System grew by 13%, up to 21.8 millionwhile mutual insurance companies were around 4.1 millionalmost the same figure as the previous year.
The weight of billing also increased insurers and mutual companies from other countries for the care of foreigners up to 25 million euroscompared to around 17 million in 2022. It also increased its business linked to real estate development, up to 26 million, compared to 6 million a year before.
Imed slightly increased its results compared to the previous year, with 16.12 million euros of net profit, after facing the increase in a good part of its expense items due to the larger size of the group. For example, the personnel allocation increased by almost 10 million euros, to exceed 88 million in total.
Imed Valencia boosts profitability
The accounts also reveal that the hospital Imed Valencia is the first in the group by revenue, with 67.18 million eurosand is now on par with Benidorm and Elche in profitability with an operating result of 6.6 millionslightly below those from Alicante.
Strong growth that it maintains while continuing to develop its ambitious growth plans. The group, which has its headquarters in Madrid, currently manages 6 hospitals, 4 polyclinics and several specialized centers in the Valencian Community and Murcia. Precisely in the first half of 2024, the group has added its second hospital in Valencia capitalin the former Iberdrola headquarters on Isabel La Católica street.
Furthermore, in 2023 the group made a total investment of 13 million euros for the expansion works of the Imed Levante Hospital in Benidorm. In addition, it explains that it plans to add new hospital centers in Alicante and Murcia between this year and next, in addition to its first hospital in Barcelona, located in Cornellá.
According to his accounts, he had investment commitments for the hospitals of Valencia, Alicante and Barcelona. for the coming years for 37.3 million euros (16.3 million euros for 2024 and 21 million euros for the following years).
As published elEconomista.esto develop these centers Imed has an agreement with the American real estate fund Medical Properties Trust (MPT)also owner of the towers that house Imed Valencia in Burjassot and who will be the owner of the properties. This fund, owner of hundreds of clinics and hospitals around the world, estimated a total investment of 121 million euros for the new hospital in Valencia already open, and those that are under construction in Alicante and Barcelona.
Problems in Alicante
In its accounts it indicates that the operating lease contracts for these properties located in Alicante, Barcelona and Valencia, “have a duration of 25 years, and may be extended by agreement between the parties for a maximum of 30 additional years.” In the case of those from Alicante and that of Catalonia, which is actually located in the municipality of Cornellà on land adjacent to the Splau shopping centerplans to start its activity between the end of 2024 and 2025.
However, In the case of Alicante it seems that the deadlines can hardly be met, after The City Council paralyzed the works in September for “not complying with the license granted in November 2002”. According to the council itself, its services confirmed “that there has been an increase of two floors with respect to the license granted and one floor with respect to the maximum height allowed by the planning in force. The increase in said volume also produces an increase in the buildability, exceeding the maximum permitted by current regulations”.
According to several local media, the firm tried to regularize this situation after undertaking construction above the levels allowed in the license, something it did not succeed, and has now turned to the courts to try to resume work on the part for which it yes it has a license.
In Cornellà
For the first hospital in Catalonia, it has recently signed an agreement with the city council to hire local staff. In that autonomous community, also It also has the objective of opening in Tarragona.
For the second quarter of 2024, it also plans to open its second project in Murcia: the Virgen de La Fuensanta Hospital, with 40 individual rooms, 8 ICU boxes and 40 outpatient clinics. A hospital that is under construction and that was acquired two years ago is still in project and execution.
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