Larry Goodman to take sole control of Hermitage Clinic

Larry Goodman to take sole control of Hermitage Clinic

By Maurice Garvey

BUSINESSMAN Larry Goodman is to take sole control of the Hermitage Clinic in Lucan.

The 112-bed private hospital has been co-owned by beef baron Goodman, Sean Mulryan, John Flynn and Dr George Duffy.

Hermitage Clinic 01 compressor

The Hermitage Clinic in Lucan

The move by Goodman follows reports last week that he is to take sole control of the Blackrock Clinic private hospital and his recent acquisition of the Galway Clinic.

Combined, the three clinics have 420 hospital beds.

In early January of this year, accounts lodged for the Hermitage Clinic show the business recorded a 46.5 per cent decline in pre-tax profits, in spite of revenues increasing by 6 per cent, to €77.9m from €73.69m, in 2018.

Pre-tax profits almost halved in 2018 to €935,982.

Numbers employed at the Lucan clinic increased to 495 from 450, as staff costs went up to €26.7m from €25m.

According to the directors’ report for Torcross Ltd and subsidiaries, “growth in turnover was driven by a combination of volume growth across a number of specialties and some very modest price increases with health insurers, after 10 years of compounded discounting.”

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