Its initial public offering in June 2011 which raised £45M had valued the company at £95.4M. Previously, the company had been listed on the Alternative Investment Market. In 2017, the company was taken private by Toscafund Asset Management and its affiliate Penta Capital. The deal was called in by the Competition and Markets Authority in December 2019, resulting in the enlarged company agreeing in June 2020 to divest Circle's hospital near Bath and the new hospital at Birmingham, which had not at that time been put into operation. In November 2019, the Financial Times reported that Circle would acquire the holding company of BMI Healthcare, the biggest private hospital provider in the UK with 54 hospitals the cost of the acquisition was not disclosed. The hospital provides access to multi-disciplinary teams including specialists outside China. In April 2019, it opened a £23m hospital in Shanghai. In November 2016, Circle announced that it is it to develop hospitals in China in conjunction with Chinese investors. Paolo Pieri, a former finance director of, is now chief executive. Steve Melton assumed the position until November 2016. The company announced in December 2012, that Ali Parsa had stepped down as chief executive. Īs Circle Integrated Care, it has had a prime provider contract to manage musculoskeletal services in Bedfordshire since 2014 and a £74M deal to oversee musculoskeletal services in Greenwich began in April 2017. In April 2017, work began on a third private hospital, in Birmingham. In October 2015, Circle entered an agreement with Advanced Oncotherapy to open a proton beam therapy cancer centre on Harley Street, London. In 2015, Circle entered a £50M deal with Tech Mahindra to improve IT infrastructure and applications. It raised £200 million from investors and had an initial public offering on AIM, with the shares peaking at £2. In October 2009 it was shortlisted to become the first franchisee of an NHS trust. The company's plans were ambitious, involving opening 30 private hospitals, and encompassing the possibility of running 30 NHS trusts in time. In January 2010, Gordon Brown, as Prime Minister, said: "Circle's provision of healthcare from the private sector is crucial to a 21st century health service." The flattened organisational structure was said to allow quality and efficiency to remain high, through the creation of "clinical units". It said that it wanted to be a model "a little bit like John Lewis" or a law firm, and referred to itself as a " partnership". History Ĭircle was founded in 2004 as Centres Of Clinical Excellence Limited, co-founded in 2004 by Babylon Health founder and former investment banker Ali Parsa and consultant ophthalmologist Massoud Fouladi. In August 2023, the group was acquired by an Abu Dhabi-based holding company called PureHealth. The combined group has annual revenues of just under £1 billion. In December 2019, the company acquired BMI Healthcare, to form the biggest private hospital provider in the UK, which it rebranded as Circle Health Group. This was not reported by leaders of the service to the trust management therefore we judged the leadership to be inadequate." It was the worst rating for 'caring' that the CQC had ever given. The CQC report indicated that "Medical services were inadequate because we found poor emotional and physical care which was not safe or caring. Circle Health withdrew from the hospital, three years into the ten-year contract, shortly after being severely criticised by the Care Quality Commission (CQC) over standards of care and hygiene. In November 2011, the company was awarded a contract to run Hinchingbrooke Hospital in Cambridgeshire, the first NHS England hospital to be operated by a private company. The operation of dermatology services during the period in which they were run by Circle Health was described as an "unmitigated disaster" in an independent report commissioned by the local clinical commissioning group which runs health services in the county. In 2023, the company was acquired by the Abu Dhabi-based holding company PureHealth.Ĭircle Health ran an independent sector treatment centre delivering dermatology services in Nottingham from 2008 until 2019, at which point the operation of dermatology services was returned to Nottingham University Hospitals NHS Trust. The company was founded in 2004 and rebranded as Circle Health Group in 2019 after acquiring a rival, BMI Healthcare in the same year it began an expansion in China. Circle Health Group is a private healthcare provider in the United Kingdom, and is the country's biggest private hospital provider.
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