HCA looks across the pond

Deal to de­velop U.K. can­cer cen­ter: re­port

Modern Healthcare - - The Week In Healthcare - Shawn Rhea

HCA, Nashville, is ne­go­ti­at­ing a deal with a Manch­ester, Eng­land­based provider that would broaden HCA’s in­volve­ment in the de­liv­ery of pri­va­tized health­care ser­vices in the U.K. The joint ven­ture, ac­cord­ing to a story pub­lished in Mod­ern Health­care sis­ter pub­li­ca­tion Crain’s Manch­ester Busi­ness, calls for HCA to in­vest roughly $21.5 mil­lion to de­velop the Christie NHS Foun­da­tion Trust’s pri­vate pa­tient ser­vices divi­sion, which is part of the U.K.’s Na­tional Health Ser­vice. The fa­cil­ity is one of Eng­land’s largest can­cer cen­ters, and hospi­tal of­fi­cials said ex­pand­ing pri­vate pa­tient ser­vices would ideally help bring in more rev­enue that would go to­ward an across­the-board im­prove­ment of pa­tient ser­vices.

Rep­re­sen­ta­tives at both HCA and Christie NHS de­clined to be in­ter­viewed about the deal, but in an e-mail HCA In­ter­na­tional spokesman Neil Huband said the two or­ga­ni­za­tions are still “in ne­go­ti­a­tions with … a view to en­ter­ing into a joint ven­ture to open a ma­jor pri­vate pa­tients can­cer unit at the hospi­tal.”

HCA, which owns 162 hos­pi­tals in the U.S. and 105 sur­gi­cal cen­ters in the U.S. and Eng­land, cur­rently op­er­ates sev­eral U.K.based health­care fa­cil­i­ties, in­clud­ing the Lon­don Bridge and Princess Grace hos­pi­tals, as well as a pri­vate can­cer treat­ment cen­ter at the Uni­ver­sity Col­lege Lon­don. The pro­posed Christie NHS joint ven­ture would fur­ther ex­pand HCA’s in­volve­ment in pri­vate can­cer-care ser­vices in the U.K.

In ad­di­tion to the $21.5 mil­lion in­vest­ment, the pro­posed deal also calls for HCA to pro­vide a sep­a­rate in­vest­ment for cap­i­tal im­prove­ments and pur­chases for the hospi­tal, ac­cord­ing to Crain’s Manch­ester.

Un­der the work­ing agree­ment, HCA and Christie NHS would each own 50% of the pri­vate pa­tient ser­vices ven­ture, ac­cord­ing to Crain’s Manch­ester.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.