NHS Professionals: Privatisation

(asked on 12th July 2017) - View Source

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health, pursuant to the Answer of 5 July 2017 to Question 1506, on NHS Professionals: privatisation, what the cost has been of the procurement process to date.


Answered by
Philip Dunne Portrait
Philip Dunne
This question was answered on 17th July 2017

A key commercial feature of the sale transaction is that NHS Professionals Ltd (NHSP) must act to maintain a business model based on supplying high quality healthcare staff at low margins to National Health Service clients. Breach of this principal gives the Department the right to repurchase its shares.

As part of the competitive bidding process, bidders were required to submit business plans indicating how growing NHSP will help reduce NHS spend through a combination of greater use of ‘bank’ over agency staff, growth of products such as locum doctors and international recruitment, growth in market share, and reduced costs to customers.

The Department is currently in confidential commercial negotiations with interested bidders and cannot comment further on the nature or identity of bids. The Department will disclose the full cost of the process upon its completion.

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