Firms in £830m NHS lift
PRIVATE firms doing NHS work have made £830million profit in six years – up 40% in some cases.
Labour MP Stella Creasy slammed the findings, accusing Private Finance Initiative companies of “squeezing public services at great cost to the taxpayer and great profit to the shareholders”.
Under PFI contracts, firms agree to build or work on projects for the health service.
They get annual repayments over an average of 31 years, costing far more than the value of the work.
At Peterborough and Stamford Hospitals Foundation, a PFI company made more than £80m in profit over five years.