The boss of the first private company to run an NHS hospital has promised to pay off £40m of public debt, prompting unions to warn that this will “hit patients and staff as drastic cuts will have to be made to health services and jobs”.
Ali Parsa, the chief executive of Circle Healthcare, said the 10-year deal to run Hinchingbrooke hospital meant his company aimed to make at least £60m in profits from £1bn in NHS revenues.
“We are about saving a local hospital that was threatened with closure. It was on course to lose £230m over the next 10 years,” he said.
While the company claims it will improve standards, to make money unions say it will need to make what have been described as “eye watering” cuts.
Read more in The Guardian.