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Private company reveals losses

26th October 2012

The first NHS Hospital to be run by a private company has posted higher losses than expected.

Circle Health took over Hinchingbrooke Hospital, Huntingdon, in Cambridgeshire in February but has revealed losses for the first six months were £4.1m compared to the £2.2m loss it expected to make. Circle said a contributing factor was that it had brought in 10 new consultants as staff, but the pace of their arrival was slower than expected which meant it had to continue hiring external locum consultants.

 

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Article Information

Title: Private company reveals losses
Author: Mark Nicholls
Article Id: 23039
Date Added: 26th Oct 2012

Sources

BBC News

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