Top 5 European for-profit hospital operators
This week’s infographic looks at the top 5 European for-profit hospital operators by their 2025 revenues.
This data has been sourced from the HBI Intelligence database.
Fresenius Helios (Germany) leads the ranking, with total 2025 revenues of €8.1 billion, all of which are hospital‑based. Asklepios (Germany) follows with €6.4 billion in total revenue and around €5.6 billion from for‑profit hospitals. Ramsay Santé (France) generates €5.4 billion overall, of which we estimate approximately €4.7 billion from hospital operations in France and Italy. Quirónsalud (Spain) posts €5.2 billion in Spain, with around €3 billion attributable to its for‑profit hospital business. Sana Kliniken (Germany) records total revenues of €4.1 billion, with an estimated €3.3 billion coming from its German for‑profit hospital network.
To ensure like‑for‑like comparison, we show operator‑level European hospital revenues rather than parent‑company figures, excluding non‑European and non‑hospital activities where relevant.
We would welcome your thoughts on this story. Email your views to Dhwani Gupta or call 0207 183 3779.
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