Hospital group agreed six-figure bonuses for bosses – while warning it would stop paying for patients’ drugs
6 months, 3 weeks ago

Hospital group agreed six-figure bonuses for bosses – while warning it would stop paying for patients’ drugs

The Independent  

Sign up for our free Health Check email to receive exclusive analysis on the week in health Get our free Health Check email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} A scandal-hit private hospital group faced such a severe financial crisis that it warned it would stop paying for patients’ drugs and food, as well as agency staff – but still agreed bonuses worth hundreds of thousands of pounds for executives, The Independent can reveal. The Premier League has finally got it together around financial regulation, but we have almost no financial regulation of the companies which are providing sensitive services David Rowland, chief executive for The Centre for Health and the Public Interest The email said: “The Group continues to towards a liquidity crisis without the benefit of an agreed and deliverable solution. “Active Care Group is trading healthily, has sufficient liquidity and enjoys strong support from its lenders – such that our patients, staff and partners can have confidence in our immediate and longer-term stability.” ACG said bonuses had not been paid to directors in the previous five years and that directors’ bonuses were agreed by its shareholders, including Montreux Capital Management, given the executives’ pivotal role in negotiating refinancing. It is pretty shocking when you think that the Premier League has finally got it together around financial regulation, but that we have almost no financial regulation of the companies which are providing these sensitive services.” Last year, The Independent uncovered warnings from whistleblowers working at Active Care Group’s Taplow Manor Hospital in 2022, claiming the unit did not have enough staff.

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