Euler Hermes Rating GmbH » Schön Klinik SE

Schön Klinik SE

Development

Euler Hermes Rating has given Schön Klinik SE a BBB- rating. We expect the rating to decline over the next twelve months. Financial ratios have recently weakened due to a delay in the alignment of structural costs with changes in market conditions. The Group mounted a comprehensive response to these developments, but depending on how the COVID-19 pandemic evolves, unplanned earnings risks might materialise and implementation gains from the reorganisation might emerge more slowly in the short term.

The Schön Klinik Group is one of the largest private-sector hospital operators in Germany. The Group and its hospitals generated approx. € 882 million in gross revenue in 2019. Around 111,000 episodes of inpatient care were provided in 2019. The hospitals have approx. 5,200 beds. The Schön Klinik Group employed around 10,500 people as of 31 December 2019. Its main competitors are Rhön Klinikum AG, Helios Kliniken GmbH, the Asklepios Group and Sana Kliniken AG. The Schön Klinik Group has positioned itself in the market as a specialised high-end provider. Around 25 % of its patients are privately insured, self-payers or have supplemental health insurance.

Rating history Notation/outlook Rating report
30.03.2020 BBB- / negative
13.12.2018 BBB- / stable
10.01.2018 BBB / negative
30.05.2017 BBB / stable
29.04.2016 BBB / stable
30.04.2015 BBB / stable
06.05.2014 BBB / stable