Thanks to Chris Newis for the pointer to this story. The BBC website recently carried a fascinating piece about social enterprise Circle’s acquisition of a ten-year contract to run Hinchingbrooke hospital, near Huntingdon, in Cambridgeshire.
Circle describes itself as “a social enterprise that forms the largest partnership of healthcare professionals in Europe – over 2500″ and is 49.9% employee-owned. Its aim is to deliver world class health care in hospitals with a five-star hotel environment — and to do this while operating, according to Ali Parsa, its ex-Goldman Sachs founder, as a social enterprise where clinicians are in charge.
In the case of Hinchingbrooke hospital, the deal will require Circle to meet health service standards, pay off the hospital’s estimated £40m debts, and pay a return ...more