Circle Holdings (LON:CIRC) - To build or not to build?
Mar 08th 2013 - Edison Investment Research today published a report on Circle Holdings (CIRC.L, LSE:CIRC, LON:CIRC) entitled "To Build Or Not To Build?". In summary, the report says:
Circle is a disruptive new entrant in the UK healthcare market, seeking to benefit from both additional NHS operating contracts and new private hospitals. It brings a partnership-style operating model and efficient, appealing, newly built facilities, supported by committed consultant volumes, to challenge an existing oligopoly in local markets. Expanding the number of Circle hospitals to drive profit growth will be greatly assisted if the cost of the third-party financing for new hospitals (and the rent that Circle pays) falls. A growing operational track record will help, but there is also a potential inefficiency in the real estate market to be corrected.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
