Circle, a private, profit-making healthcare company, run by a former banker, and backed by hedge funds run by Crispin Odey and Paul Ruddock, who have donated £790, 000 to the Conservative Party, is set to take over Hinchingbrooke Hospital from February. The company recently published a Stock Market Admissions report, which details the potential risks faced by the company. Amongst the risk factors was the following:
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.
A spokesperson for Circle pointed out that this was just one of many risk factors outlined in the document. It stands to reason that a young company, which is currently expanding, needs to ensure its growth is managed in such a way that the risks associated with that growth are mitigated. But it’s hard not to feel uncomfortable about the tension that exists between making profit and caring for patients. And it’s hard to dispel the impression that the government are in cahoots with some shadowy financial elite, intent on privatising and profiteering from every aspect of our lives.
You can read more here.