Guardian – One of Britain’s most aggressive hedge funds has bought a large stake in Circle Holdings, the healthcare company that has pulled out of running the NHS’s only private hospital. Toscafund bought a 12.1% stake in Circle last Thursday, worth nearly £10m at the time, and informed the company on Monday. The stake is now worth £11.5m.
Circle announced in January that it was in talks to withdraw from running Hinchingbrooke NHS trust in Cambridgeshire. The company blamed NHS cuts for making its contract unviable, but it later emerged that the Care Quality Commission (CQC) had compiled a highly critical report of standards at the hospital.
