Last edited by Faekasa
Tuesday, May 19, 2020 | History

4 edition of The Refinancing of the Norfolk and Norwich Pfi Hospital found in the catalog.

The Refinancing of the Norfolk and Norwich Pfi Hospital

How the Deal Can Be Viewed in the Light of the Refinancing

by

  • 282 Want to read
  • 6 Currently reading

Published by Stationery Office Books (TSO) .
Written in English

    Subjects:
  • Hospital Administration,
  • Medical / Nursing

  • The Physical Object
    FormatHardcover
    ID Numbers
    Open LibraryOL9275499M
    ISBN 100102933057
    ISBN 109780102933055
    OCLC/WorldCa60698298

      The refinancing of the Norfolk and Norwich University Hospital NHS Trust (above) gave shareholders a wi ndfall profit of £81m Credit: NATIONAL AUDIT OFFICE The Norfolk and Norwich University Hospital opened in and was one of the first PFI : Matthew Limb.   Dr Chris Edwards's investigation focuses on one of the earliest PFI contracts agreed, for the bed Norfolk and Norwich University hospital (NNUH). The refinancing .

      Controversial "refinancing" which will give the private investors behind Norfolk's flagship hospital £70m is expected to go ahead within weeks. Octagon Healthcare, the consortium which put £m into the building of Norfolk and Norwich University Hospital under a private finance initiative (PFI), is set to benefit from the complex.   The Commons public accounts committee branded the refinancing of Norfolk and Norwich hospital PFI scheme as "the unacceptable face of capitalism" after it emerged that the move had increased the Author: David Batty.

    Building work is underway to put in place a temporary operating theatre at the Norfolk and Norwich University Hospital. Read more Wednesday 10th March New Book on Baby Feeding by NNUH Health Professionals Octagon Healthcare's PFI Refinancing News Octagon Healthcare Ltd has today completed the refinancing of the Norfolk and. The Norfolk and Norwich University Hospital NHS Trust and the Institute of Food Research (IFR) have agreed terms for the 20 year lease of a building o Read more Monday 15th December The Queen to officially open Norfolk and Norwich University Hospital Octagon Healthcare's PFI Refinancing News Octagon Healthcare Ltd has today.


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The Refinancing of the Norfolk and Norwich Pfi Hospital by Download PDF EPUB FB2

The Refinancing of the Norfolk and Norwich PFI Hospital: How the deal can be viewed in the light of the refinancing “I have decided to produce a report for Parliament as the issues raised by this case have wider interest in considering how the pricing of PFI deals may change over time.

The original contract was a pathfinder deal which helped the Department of Health to establish a new market in PFI hospital procurement. Sir John decided to report to Parliament following the refinancing which generated gains, in net present value terms, of £ million.

£34 million of the gains were shared with the Trust. THE REFINANCING OF THE NORFOLK AND NORWICH PFI HOSPITAL: HOW THE DEAL CAN BE VIEWED IN THE LIGHT OF THE REFINANCING 1 1 The Norfolk & Norwich University Hospital NHS Trust (the Trust) currently pays £ million a year to a private sector consortium Octagon under the terms of one of the first PFI hospital contracts let in January (Figure 1).

Norwich South MP Clive Lewis said: “One in every ten pounds the N&N spends goes on PFI and the local health and care system is facing cuts of close to half a billion pounds. House of Commons Committee of Public Accounts The refinancing of the Norfolk and Norwich PFI Hospital Thirty–fifth Report of Session –06 Report, together with formal minutes, oral and written evidence Ordered by The House of Commons to be printed 27 March The Norfolk and Norwich University Hospital is in the worst financial state in its history and yet continues to face a huge bill to the firm which built it.

The two in Norwich were the Norfolk and Norwich (with beds) and the West Norwich (with beds) giving a total in /95 of beds. Proposals for a new hospital were made from the. Octagon Healthcare Ltd has today completed the refinancing of the Norfolk and Norwich University Hospital.

The refinancing will release significant resources for the NHS in central Norfolk. The refinancing will give the Norfolk and Norwich University Hospital NHS Trust £ million to be taken as a reduction in fees paid to Octagon by the Trust amounting to £ million a year for the next three.

MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors’ return by a gigantic £ million, and to increase the liability of the hospital trust to.

The case study looks in some detail at the refinancing of one of the first PFI hospitals, the Norfolk and Norwich Hospital. The PFI contract between the NHS Norfolk and Norwich University Hospital Trust (NNUHT) and the private consortia Octagon was signed in January 9 It included the provision of the hospital buildings as well as their Cited by:   The Norfolk and Norwich hospital is facing hundreds of job cuts as it seeks to balance its books, and there are concerns about the way the refinancing of other PFI.

The Norfolk and Norwich University hospital quickly became the most egregious example of PFI controversy after officials signed a deal in Author: Phillip Inman. The BMJ reported a year ago how the private sector consortium Octagon raised profits for its investors by refinancing the Norfolk and Norwich PFI hospital project (BMJ ; doi: /bmja).

The refinancing deal made £m—but Author: Michael Day. The refinancing of the Norfolk and Norwich PFI Hospital 1. Inthe Norfolk & Norwich University Hospital NHS Trust (the Trust) let one of the first PFI hospital contracts to a private sector consortium Octagon. Intwo years after the new hospital opened, Octagon refinanced the project, increasing.

The Norfolk and Norwich University Hospital is a National Health Service academic teaching hospital in the Norwich Research Park on the western outskirts of Norwich, England. The university hospital replaced the former, Norfolk and Norwich Hospital, which was founded inand the West Norwich Hospital.

The Norfolk and Norwich University Hospital was built under the Private Finance Initiative Affiliated university: Norwich Medical School. "The Norfolk and Norwich University Hospital PFI scheme is a successful project and has demonstrated value for money.

The hospital opened to patients ahead of schedule and on budget. "The refinancing has delivered real gains for the NHS. The Trust is now paying £m less in annual fees, amounting to a total of £34m in today's money.". The profits of a private company involved in an early private finance initiative (PFI) deal to pay for a new hospital have soared to “unacceptable” levels, says the public finance watchdog.

The private sector consortium Octagon pushed up the profits for its investors by refinancing the Norfolk and Norwich PFI hospital project. The rate of return rose from a predicted 19% to 60%, says the Author: Zosia Kmietowicz.

A week before the Norfolk and Norwich University Hospital (NNUH) was rated inadequate, a private firm - which continues to get tens of millions of NHS pounds a year for building it - reported. The report warns that PFI refinancing may bring risks as well as benefits.

The NAO’s reports in on the Norfolk & Norwich and Darent Valley refinancings identified risks where, as part of these early refinancings, the NHS Trusts had accepted a longer contract period and the possibility of increased termination liabilities.

The Refinancing of the Norfolk and Norwich PFI Hospital: how the deal can be viewed in the light of the refinancing - The Stationery Office - London In-text: (National Audit Office, ).

Healthcare Market News (Public Private Partnerships) July The Norfolk and Norwich University Hospital NHS Trust has shared in the gains from a refinancing of its early PFI hospital contract, but continues to pay a premium in respect of the financing costs compared to current deals, according to a report by the National Audit Office [ ]Author: Laingbuisson.Tuesday 27th April Norfolk and Norwich University Hospital in UK Top 40 News The Norfolk and Norwich University Hospital has today been named one of top 40 hospitals in the country for the third year running, according to hospi.

He said the “ill conceived” Norfolk and Norwich Hospital refinancing in had “demonstrated this all too clearly.” The BMJ reported a year ago how the private sector consortium Octagon raised profits for its investors by refinancing the Norfolk and Norwich PFI hospital project (BMJ ; doi: /bmja).

The Author: Michael Day.