Tuesday 18 October 2016

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. BBC News

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