Circle Health Ltd
Circle Health is a healthcare company, headquartered in London. It was co-founded in 2004 by ex-investment banker Ali Parsa and consultant ophthalmologist Massoud Fouladi to take advantage of the healthcare reforms of the Health and Social Care Act 2012.ref
It has hospitals near Bath and Reading, and an NHS Treatment Centre in Nottingham.
In November 2011, it was awarded a contract to run Hinchingbrooke Hospital as a National Health Service hospital franchised to an independent provider, and began the contract in Feb.2012.
Circle's hospitals, CircleReading and CircleBath, also provide NHS care under the NHS Choose and Book scheme. Since the Health and Social Care Act 2012 came into force in Apr.2013, Circle has been the biggest private sector winner from the 195 contracts awarded, with 2 contracts together worth £285.9m.ref
- Ali Parsa, ex-investment banker. Parsa is also founder and CEO of digital healthcare company Babylon Health.
- Massoud Fouladi
Circle operates under a partnership model, where all employees are co-owners in the business.However, employees have little effective voice, as private shareholders control the company.
- 2019: Circle Birmingham is currently under construction.
- 2012: Circle Reading Hospital opened.link, CQC page
- Mar.2010: Circle Bath Hospital opened. link, CQC page
- 2008: Circle Nottingham Hospital, aka the Nottingham NHS Treatment Centre, opened. link, CQC page
- 2019: Circle lost the Nottingham contract despite the CQC rating services there as good. It had high patient satisfaction rates and, unlike many NHS hospitals, was hitting the target of treating 92% of patients waiting for planned care within 18 weeks.
- Mar.2017: Circle Rehabilitation was launched, in partnership with VAMED AG, a German privately-owned provider of rehabilitation services, operating in 90 countries worldwide. VAMED AG is owned by Fresenius ProServe GmbH, a fully-owned subsidiary of Fresenius SE & Co. KGaA (77%), IMIB Immobilien und Industriebeteiligungen GmbH (13%), and B & C Beteiligungsmanagement GmbH (10%).
- 2015: Circle handed the contract back to the NHS after the hospital experienced financial problems and could not keep up with rising demand. The Care Quality Commission rated the hospital’s care as inadequate.
- 2012: Hinchingbrooke hospital: Circle became the first profit-driven health firm to be put in charge of an NHS hospital when it took over the running of Hinchingbrooke hospital in Cambridgeshire.
- Jun.09.2019: Private health firm loses NHS treatment centre contract. Circle has run Nottingham NHS Treatment Centre since it opened in 2008 (11 yrs_, and is fighting the decision in court. Nottingham University Hospitals NHS trust (NUH) has been handed a £320m contract to run the centre for the next five years after a bitter legal battle between Circle and the NHS. Denis Campbell, The Guardian.
- Jan.2015: Circle and Hinchingbrooke Hospital. This briefing about the failure of the first NHS hospital to have its management services franchised to private company Circle. It looks at the events leading up to the franchising of management services, the National Audit Office investigation into the tendering process, the Care Quality Commission's recent report, and the reasons for the failure of the franchise. Jane Lethbridge, PSIRU.
- Nov.13.2011: Circle Health – the 'social enterprise' run by the world's hardest hedge fund managers. The private company about to take over an NHS hospital has an opaque corporate structure. Don't confuse it with the John Lewis Partnership. The Guardian.