Competition Commission Orders Sale of 9 Hospitals
In order to curb the dominance of three biggest private hospital groups, Spire, BMI and HCA, the Competition Commission has ordered to sell off nine hospitals.
The London Bridge and the Princess Grace in the West End of London under HCA will be sold and BMI has been told to sell off seven hospitals, announced the Competition Commission. The commission took the decision after carrying out an investigation into the private healthcare market.
After carrying out the inquiry, the commission found that private healthcare customers and self-pay patients are not getting benefits in terms of cost and quality from competition existing in private healthcare market.
The decision has not been liked by Mike Neeb, head of HCA that owns London hospitals. Neeb has termed the verdict to be completely wrong. He affirmed they have put in a lot of hard work and money to make its London Bridge site a top-grade healthcare provider across the globe.
It now seems the Competition Commission has been punishing this achievement. "The CC's own report acknowledges there are nearly 50 competitors in Greater London, our ownership of these hospitals encourages competition and drives a higher standard of care among hospitals in the UK", said Neeb.
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