Circle Health took over a hospital recently. Basically a privatised NHS hospital. Everything is cool though, we’re told. It’ll be more efficient, nobody will lose out they said.
Well, predictably, guess what…
[Circle Holdings] had been in negotiations with the government for two years over the takeover of Hinchingbrooke hospital; as the preferred bidder, it expected to be successful. In its document [share prospectus], the company reveals its aspiration to take over further hospitals but also spells out the risks to patients. It says: “As well as the establishment of further independent hospitals, Circle intends to significantly expand its NHS business.
“Circle’s growth has placed, and its anticipated growth will continue to place, a strain on its managerial, administrative, operational, financial, information technology and other resources and could affect its ability to provide a consistent level of service to its patients.”
That second paragraph is just wonderful, isn’t it?