Beacon Hospital

Beacon Hospital is a privately owned full-service hospital located in the Sandyford suburb of Dublin, Ireland. Beacon's 9-storey 238,000-square-foot (22,100 m2) facility includes 183 patient beds.[1][2] The hospital was developed by Beacon Medical Group (BMG).

History

On 8 May 2006, Beacon Hospital signed an affiliation agreement with Johns Hopkins Medicine International (JHMI) for JHMI to provide educational and consulting services at the Hospital.[3] Beacon Hospital was officially opened on 25 October 2006 by then-Tánaiste and Minister for Health and Children, Mary Harney.[4] The Hospital was operated by the American Triad Hospitals group.[5] In February 2008, University of Pittsburgh Medical Center (UPMC) began managing the hospital, buying a 25% share in the company for €15 million.[6] In 2009, UPMC took majority ownership of the hospital in a €68 million deal which gave it a 68% equity in the company. The Hospital was rebranded as UPMC Beacon Hospital.[7][8][9] In April 2014, Beacon Hospital was taken over by Irish businessman Denis O'Brien, with UPMC relinquishing its ownership.[10] UPMC paid €20 million to divest itself of the hospital, saving UPMC a projected $231 million in long-term debt.[11] According to UPMC's 2015 accounts, the company lost €33 million on the disposal of Beacon Hospital and wrote off a further €38.9 million in loans.[12] O'Brien paid Ulster Bank €40 million for the Hospital's outstanding €100 million debt.[13]

Awards

Beacon Hospital won the 2008 Irish Healthcare Innovation Award.[14] In 2013, Beacon Hospital won a Commendation at the Irish Healthcare Awards for its DocIT programme.[15] Beacon Hospital also won the 2013 Radiosurgery Excellence Award.[16]

See also

References

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