Hospital Owners Could Do Another Like St Joseph's

The owners of St Joseph's Hospital in Newport could acquire a further private hospital once the Welsh base is fully upgraded, chairman Brian Staples has told the Insider website.



Staples said a £500,000 investment was planned in 2016 for St Joseph’s outpatients department and a new operating theatre.

That follows £10m which the owners, including Staples, have invested since they acquired the Malpas facility in 2014. Most of that sum has been invested in new equipment.

In an interview in the December/January edition of Wales Business Insider, Staples said: “We want to settle everything down and build on what we have achieved.

“When we’ve done that, we might look for another hospital to transform.”

Staples and fellow directors Paul Jenkins and Rohit Kulkarni own a combined 60 per cent stake in St Joseph’s. The rest is owned by 36 consultants.

Staples, a former chief executive of United Utilities, said the private healthcare industry’s prospects looked good: “We are hurtling towards the days when the NHS heads towards a mixed economy, and looks at how the private sector can help.”


Source: Insider Media Limited



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