Latest news with #LayaHealthcare
IOL News
24-07-2025
- Business
- IOL News
Primary Health Properties delivers robust interims amid rental growth, Irish acquisition
Primary Health Properties (PHP) saw interim earnings grow. Image: Independent Media Primary Health Properties (PHP), a leading investor in modern healthcare properties in the UK and Ireland, released its interim results for the six months to June 30, 2025, which showed its earnings grew amid an increase in rental income across its portfolio and after its Irish acquisition. PHP is London listed and secondary listed on the JSE. Net rental income increased by 3.1% to £78.6 million (R1.4 billion). Adjusted earnings per share increased by 2.3% to 3.54 pence, headline earnings per share decreased by 5.9% % to 3.2 pence, earnings per share increased to 4.4 pence, while dividends per share increased by 2.9% to 3.55 pence. PHP's adjusted earnings increased by 2.2% to £47.3m in the reporting period, driven by organic rental growth from rent reviews and asset management projects, plus the acquisition of Laya Healthcare facility in February 2025. PHP investment property portfolio valuation increased to £2.81bn from £2.75bn in December 2024. The portfolio's metrics continue to reflect the group's secure, long-term and predictable income stream with occupancy at 99.1%. PHP said there was a pipeline of 43 asset management projects and lease regears planned over next two to three years, highlighting the improving rental growth outlook with the current weighted average rent of £195 per square meter (psm) due to increase by around 15% to £223psm post completion providing important evidence for future rent review settlements across the wider portfolio Its acquisition of Laya Healthcare facility, Cork, Ireland for €22 million / £18.2m delivered an accretive earnings yield of 7.1%. The portfolio in Ireland now comprises 22 assets, valued at £293m. The portfolio in Ireland represents 10% (December 31, 2024: 9%) of the total portfolio and Ireland continues to represent a core part of the group's strategy and preferred area of future growth Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading There was significant liquidity headroom with cash and collateralised undrawn loan facilities totaling £107.3m from £270.9m in December 31, 2024 after capital commitments and repayment of the £150m convertible bond post period end on July 15, 2025. Mark Davies, the CEO of PHP, said, 'At a pivotal time for our sector, PHP has delivered a strong operational and financial performance driven by rental growth across our portfolio, a value-accretive acquisition in Ireland, valuation gains and another period of dividend growth." He said the improving rental growth outlook and a stabilisation of our property yields at 5.25% signal that the group had moved through a key inflexion point in the property cycle with a very encouraging outlook ahead. 'The 10-year Health Plan which was published on 3 July 2025 is clearly positive for PHP. We welcome the Government's commitment to strengthening the NHS, particularly its emphasis on shifting more services to modern primary care facilities embedded in local communities. This plays directly to our strengths and our long-standing partnerships across the NHS give us a strong foundation to support this transition and deliver value to our shareholders," he said. Talking about the recent takeover offer, he said PHP continues to believe in the compelling strategic and financial rationale for the recommended combination with Assura plc, saying that the transaction is expected to be earnings accretive for both sets of shareholders. PHP had secured strong support for the transaction from PHP shareholders at its general meeting on July 12 with over 99% of voting shareholders approving the proposed combination. Davies said this is a clear endorsement of the company's ability to deliver a financially beneficial transaction that is strategically valuable, supported by an expected strong investment grade credit rating that will deliver future value to shareholders and underpin the droup's progressive dividend policy. 'Since the announcement of the Assura plc recommendation, we've continued discussions with third party investors on forming a joint venture, which is expected to include the private hospital portfolio, as part of our deleveraging strategy. Conversations are ongoing with a range of highly- credible investors and we remain confident in our ability to conclude a transaction in a timely manner post completion," he said. BUSINESS REPORT
Irish Independent
13-05-2025
- Business
- Irish Independent
Cost of raising children shoots up putting huge pressure on families
It now costs families around €15,000 a year to bring up a child in this country. This is up 39pc in the last 10 years, research by Laya Life, a division of Laya Healthcare, has found. Nappies and baby formula are showing the largest increases, with a huge rise in pocket money and food costs for families with teens. Higher costs for families reflect the relentless inflation that has caused a cost-of-living crisis for all households, due to Covid restrictions and the energy shock caused by the Russian invasion of Ukraine in particular. However, there has been a big fall in the costs for families of Communions and Confirmations, possibly indicating a move away from religious observance. Researchers at Laya Life looked at the cost of supporting a child from birth to college age. They found a sharp rise in the cost of everything from nappies and food to rent support. The survey, which questioned 1,000 parents as part of the Cradle to College Cost Index, found the most financially demanding years for parents were the first year of a child's life, and their teenage years. Among the major cost increases for parents were food, which has seen a 61pc increase in the past decade. Food has been costed at €5,148 a year for a child, up from €3,197 a decade ago. ADVERTISEMENT Pocket money has risen by 37pc to €4,536 a year from €3,320. But there has been a fall in spending on discretionary items such as holidays. Spending on breaks is down 35pc compared with 10 years ago. Expenditure on gifts for life events such as Communions was also lower. And spending on third-level education had also fallen, with 16pc less spent by households. This possibly reflects the fact that recent Budgets have seen a €1,000 reduction in the student contribution fees. Future planning has improved. One in two parents make a savings plan to cover future costs associated with supporting their children. That was up from one in three in the last index, Laya said. Head of Laya Life JP Hughes said: 'This increase in the cost of raising a child over the past decade reinforces the value of financial planning for Irish parents. 'Understanding long-term financial security is key, and families need to consider how they can best protect themselves against future uncertainties.' More than half of Irish parents said they planned to help out with their child's future purchase of their home. Some 30pc of parents expect to support their children until they are 25 or older. The research found that seven in 10 parents say they put too much pressure on themselves to give their children everything. Despite the high costs of raising children, only half of the parents who responded to the survey have made a savings plan to cover the future costs of supporting their children until they are old enough to support themselves. But this is an improvement compared with the last Laya Cradle to College Cost Index where only one in three parents had a future savings plan. Laya Life conducted the survey as it offers life insurance and mortgage protection.
The Irish Sun
27-04-2025
- Business
- The Irish Sun
From €450 cash boost to €63.50 tax hike – the three money changes hitting Irish accounts in May
MAY is a month where millions of Irish people will be affected by major money changes - from €450 payment boost to €63.50 money hike. Households across the country should be aware of a number of Advertisement Irish people saw hikes in broadband, healthcare, mobile and But May is set to bring a slower-paced month for cost-of-living changes, but there are major money changes that households across the country should be aware of. MAY BANK HOLIDAY To start with, the May This means thousands of people could see their social welfare payment land straight into accounts as soon as this month. Advertisement Read more in Money The May bank holiday falls on Monday, May 5. And any It will affect those receiving their Child Benefit payment which will also be paid on Friday, May 2 or Saturday, May 3. CARBON TAX It was confirmed that the rate of carbon tax for petrol and diesel would increase to €63.50 per tonne from €56 per tonne on October 9, 2024 as part of the Budget 2025. Advertisement Most read in Money It is expected to reach €100 per tonne as part of a plan to discourage fossil fuel use by 2030. The increase will apply to all other fuels from May 1 SOCIAL WELFARE CUT Six money changes that hit Irish pockets in April Households across the country have seen a new social welfare boost, price hikes and payment cuts in April. SOCIAL WELFARE CUT The weekly €33 Fuel Allowance was previously issued to 409,721 Irish households. The cash, which is worth a total of €924, started on September 23 last year and LAYA HEALTHCARE Around 700,000 Irish customers will now have to pay more for their health insurance. Laya Healthcare increased its premiums by an average of seven per cent from April 1st, blaming the cost of delivering healthcare hitting new highs. And the combination of all three increases could see the cost of policies rising by more than 17 per cent. SSE AIRTRICITY Household electricity and gas prices increased from April 2, 2025. Customers will pay an extra €171.55 for electricity and €113.15 per year for gas. SKY, EIR, VODAFONE & THREE But both Eir and Vodafone have now changed to a fix annual charge for every April. Vodafone's broadband plans will increase by €3.50 a month each April going forward while its broadband and TV plans will go up by €4.50 a month each April. Sky customers' costs rose by up to €96 a year from the start of April, with JOBSEEKER'S BENEFIT The Pay-Related Jobseeker's Benefit was rolled out from March 31, providing a huge boost for thousands of people. NO TAX CUTS & JOB FEARS There are fears 80,000 Irish jobs could be lost amid US tariff chaos, Minister for Finance Paschal Donohoe has revealed. US president Minister Donohoe warned the "worst case scenario" could see between 50,000 and 80,000 jobs that would have been either created or kept within the Irish economy lost. Motorists will pay an additional €1.28 and €1.48 for diesel for a 60l tank. And the household gas bills will also see a rise of around €16 manually. Advertisement JOBSEEKER'S BENEFIT The Pay-Related Jobseeker's Benefit was rolled out from March 31, providing a huge boost for thousands of people. It will be available for those who become fully unemployed on or after March 31 and have enough pay-related social insurance contributions, also known as PRSI. This means, anyone who became unemployed in May can now apply for the social welfare boost, which can be worth up to €450. There are three different rates of payment for those who become fully unemployed after March 31. Advertisement A maximum of €450, or 60 per cent of your prior income, will be available for people who have made at least five years PRSI contributions and will be paid for the first three months. A second rate of a maximum of €375, or 55 per cent of your prior income, will be paid for the following three months. And a third rate of a maximum of €300, or 50 per cent of your prior income, will be paid out for the final three months. As part of the requirements for the social welfare payment, you must Advertisement 1 Households should be aware of a number of coming next month Credit: Getty Images - Getty
