José de Mello Saúde doubles profits and will “explore new growth opportunities,”
The company Mello “group does not exclude growth opportunities that come to emerge. ” In the first half of this year, profits increased by more than 121% and reduced net debt to 70 million.
“José de Mello Saúde believes in the domestic market by will continue to explore new growth opportunities that leverage its asset base in Portugal, “said Salvador de Mello (pictured), president of the José de Mello Saúde, quoted in the statement of disclosure of half-yearly results of the company.
The company Mello group, which has been suggested as a possible interested in Espírito Santo Saúde, recorded in the first half of this year growth in net income of 121.2% to EUR 14 million.
In the document, which also highlights the reduction in net debt of EUR 8.6 million compared to the end of 2013 to EUR 70 million, the José de Mello Saúde recalls that “has strengthened its presence in the Portuguese market, both private and public, not excluding the growth opportunities that may arise. ” This debt reduction “was due to the generation of positive cash flows of the generality of the units of the group box,” explained José de Mello Saúde.
In a statement, the company use to have obtained these six months Consolidated operating income of € 263.4 million, up 8.2% over the same period of 2013, this growth has been driven both by enhancing the activity of private health care (7.7% more), as well as the activity in the public health care sector (mais8,7%).
EBITDA grew 34.1% to € 31.6 million and the EBITDA margin increased 2.3 percentage points to 12%.
The company also points out that the statement in June issued a debenture loan of EUR 50 million for a period of five years, in order to refinance the current activity and deal with future investments.
The net debt / recurring EBITDA of 1.1 against the 1.7 recorded in late 2013.
In a statement, the company also emphasizes that “has a wide and varied experience in managing units of health care, managing a portfolio comprising private and public units, small, medium and large sizes and with different maturities, which gives it an unusual ability to identify sources of value creation and overcome the inherent challenges to its growth strategy. “
Asked about a possible release of competitor OPA to Holy Spirit Health official company source declined to comment, saying only that” José de Mello Saúde is always looking for beneficial opportunities for the group, for their professional and for the Portuguese population. “
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