Company name: Lighthouse Healthcare
What they do: Operator of hospitals and care homes
The boss: David Whittaker
Latest turnover (£,000): 24,356
Four-year compound sales growth (%): 31
Latest Ebitda (£,000): 7,844
Lighthouse Healthcare was formed following four acquisitions between May 2006 and September 2007. The group, which is backed by Foundation Investment Partners, now has 184 beds in eight hospitals and care homes around Staffordshire, Derbyshire and Lincolnshire.
Chairman David Cole joined in 2008 when “things were going backwards at a fair rate of knots,” with no brand identity or single line of leadership across the group. Since then, the company has streamlined operational management, filled empty beds, maximised space to increase beds on existing facilities, and repositioned one facility wholly, and another in part, from a generic hospital for people with learning disabilities to a low secure hospital.
The repositioning, explains Cole, was because, “that is what our clients wanted. The commissioning market in health and social care has changed substantially in the last seven years. They have got organised – and I’d say rightly so as a taxpayer. They are more efficient in their purchasing, but operators need to move with the times.”
Lighthouse is one operator that clearly has, with Ebitda having increased from £3.2m to £7.8m within two years.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.
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