Health Sec

Ramsay Health

Earns at least £30m per year from NHS contracts

In 1997 Ramsay Health Care was floated on the Australian stock exchange and became a public company. The five largest shareholders as of June 2012 were as follows:
Paul Ramsay Holdings (36.2%)
HSBC (11.98%) ownership of PFI hospitals ended up in HSBC offshore accounts
J P Morgan (9.91%)
National Nominees Ltd (8.44%)
BNP Paribas Nominees (2.32%)

In 2007, Ramsay Health agreed a 10-year deal with Bromley Hospitals Trust (now South London Hospitals Trust) for the Princess Royal University Hospital in Orpington to build a £4.2 million, 25-bed unit, which the trust would then rent to Ramsay Health UK for £500,000 a year. But in June 2009, just two years into the contract, Ramsay closed the unit saying it was no longer commercially viable.