Circle gets up and running
- Published on Wednesday, 01 February 2012 06:51
- Posted by Scott Buckler
A private firm has become the first to start running an NHS hospital.Circle, which is co-owned by doctors, has taken on managing Hinchingbrooke Hospital, Cambridgeshire, which had been threatened with closure as it grappled with £40m of debt
Circle aims to find a solution to the debt problems of the hospital by attracting new patients.Union Unison said although the hospital had been saved, it was concerned at involving private firms in the NHS.
The groundbreaking £1bn, 10-year deal will see Circle assume the financial risks of making the hospital more efficient and paying off its £40m of debts.
Source: BBC News