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The hospital operator Asklepios published its preliminary business result of 2011 on Wednesday. Accordingly, Germany’s largest hospital operator increased its turnover by around twelve percent to 2.557 billion Euro.

The company stated that two-thirds of this growth are due to the takeover of their competitor MediClin, where Asklepios now holds more than 52 percent of shares in the business.

The result before interest, taxes, and depreciation (EBITDA) was slightly under the level of the previous year because of the difficult overall economic environment, significantly increased material and personnel costs as well as once-off expenditures. In the medium-term, the plan is to increase the EBITDA towards the 300 million Euro mark.
Additionally, the hospital chain based in Hamburg wants to expand further: "We are continuing our growth course in the current business year and are expecting a turnover of about three billion Euro", announced vice group manager and CFO Stephan Leonhard in this regard.

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