Ramsay Health Care UK

Ramsay Health Care UK
IndustryHealth
Founded2007
FounderPaul Ramsay
Headquarters
London
,
United Kingdom
Number of locations
36
Key people
Andrew Jones (CEO) [1]
ServicesHealth care
ParentRamsay Health Care Edit this on Wikidata
Websitewww.ramsayhealth.co.uk

Ramsay Health Care UK is a healthcare company based in the United Kingdom. It was founded by Australian businessman Paul Ramsay, who established its parent company: Ramsay Health Care, in Sydney, Australia, in 1964 and has grown to become a global hospital group operating 151 hospitals and day surgery facilities across Australia, the United Kingdom, France, Indonesia and Malaysia.

In 2007, Capio was acquired by Ramsay Health Care. It was the first purchase abroad for the company and beat a number of other rivals. At the time, Capio was the fourth largest private hospitals operator in the UK.[2]

In 2017 turnover fell 4.8% compared to 2016, down to £208 million, and this was blamed on "NHS demand management strategies".[3] The company is more dependent on NHS work, largely through the Choose and Book system, than other private healthcare providers in the UK. In June 2018 it wrote down the value of some of its sites because NHS demand management strategies were having a significant negative impact on volume of business,[4] but in 2019 it announced that NHS referrals had increased by 7.4% and it had benefited from an increase in NHS tariff prices.[5]

In 2021 it made a bid to acquire Spire Healthcare for almost £1 billion. Spire is a much bigger operation in the UK than Ramsay.[6] The final price for Spire's 39 hospitals and eight clinics in the UK was agreed at $1.42 billion, but was rejected.[7]

Documents obtained by the Guardian and Good Law Project showed that Ramsay received £380 million in contracts from the UK government for surge capacity during the Covid-19 pandemic, but most of the beds provided went unused.[8]

  1. ^ "Dr Andrew Jones named CEO of Ramsay Health Care UK". Health Insurance Daily. Retrieved 20 November 2018.
  2. ^ "Australian health giant Ramsay buys Capio UK". The Independent. 2007-09-07. Retrieved 2017-01-16.
  3. ^ "NHS revenues fall at private hospital firms". Health Service Journal. 2 March 2018. Retrieved 10 April 2018.
  4. ^ "Hospital group writes down six sites amid 'demand management' gloom". Health Service Journal. 26 June 2018. Retrieved 5 September 2018.
  5. ^ "UK revenue rise for private provider after NHS tariff hike". Health Service Journal. 2 September 2019. Retrieved 5 October 2019.
  6. ^ "Two major private providers to the NHS to merge, expecting 'sustained demand'". Health Service Journal. 26 May 2021. Retrieved 4 July 2021.
  7. ^ "Ramsay Health Care to snap up Spire". Financier Worldwide. 27 May 2021. Retrieved 3 September 2021.
  8. ^ "EXCLUSIVE: Private hospitals were paid over £1.5 billion during the pandemic". Good Law Project. Retrieved 2021-11-03.