Guardian – Circle Health – the company that last week became the first private healthcare operator to take over the running of an NHS district general hospital – has variously been described as a “John Lewis-style mutual”, a “third-sector provider”, and a “social enterprise majority owned by employees”. It is none of these things.
If it were, it would not have attracted about £120m of investment from highly astute and profit-driven venture capital and hedge funds, including Odey European, Lansdowne, Balderton and BlueCrest. These funds are run by ruthlessly brilliant investment managers whose reputations are built on spotting trends in the capital markets before anyone else.
