Inquiry call over NHS health provider's finances

Inquiry call over NHS health provider's finances
 

An MP is demanding the health secretary investigates how a private firm running dozens of GP surgeries and NHS walk-in centres is handling its finances.
Integral Medical Holdings (IMH), which controls 50 NHS sites, swapped its debts for loan notes to its parent company, which is based in The Bahamas.
It essentially means taxpayers' money given to IMH ends up paying off interest of 20%.
IMH said the system allowed flexibility over when debts were repaid.
'High interest rate' A loan note is essentially a document which has evidence of a promise to repay an amount to a lender.
The company... read more

 
18 October 2016 in Health, Views: 48
Source: BBC
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