Spain's private hospital revenue rose 5.3% to €14.63 bn in 2025, driven largely by private health insurance
Executive summary: In 2025, the combined revenue of Spain's private hospital groups grew 5.3% to €14.63 billion, with private health insurance accounting for 58% of that business. The expansion signals strengthening demand for private healthcare and highlights the pivotal role of insurers in funding hospital services.
Who is involved: Key players include the hospital chains Quirónsalud, Ribera and HM Hospitales, along with private health insurers.
Likely next: Stakeholders may pursue further expansion or partnerships, while regulators could monitor pricing and market concentration.
The joint income of Quirónsalud, Ribera and HM Hospitales increased modestly last year, reaching €14.63 billion. Private health insurance supplied 58 % of this turnover, underscoring the sector’s reliance on insurer funding. The steady expansion suggests sustained demand for private care amid a mixed public‑private healthcare landscape.
Timeline
- — Quirónsalud, Ribera y HM impulsan el negocio de los hospitales privados (Expansión)
Analysis — what this means
Sectors affected
- private hospital sector
- private health insurance