Equity in the Calderdale Royal Hospital (CRH), which is notorious as one of the most costly and least accountable PFI schemes in the NHS, has changed hands 10 times.
According to the House of Commons Public Accounts Committee, PFI equity sales are,
“the unacceptable face of capitalism.”
The 10 CRH equity sales make it hard to know who actually owns the debt that Calderdale and Huddersfield NHS Foundation Trust has still to pay off, or the extent of equity holders’ profits, or what tax the equity holders paid – if any.
But the European Services Strategy Unit has managed to identify the companies involved in the equity sales. Continue reading