Virgin Galactica

[julianf]

Why did Richard Branson sue the NHS?​

Branson's company Virgin Care sued the NHS after it lost out on an £82million contract to provide children's health services in Surrey in 2016.
The company cited concerns over "serious flaws" in the way the contract was awarded.
The NHS settled the legal dispute in November 2017 with an out of court settlement for an undisclosed sum.
NHS Surrey Downs clinical commissioning group (CCG) initially disclosed that its liability in the case was £328,000 in its October public finance papers, the Health Service Journal reported at the time.
Virgin Care’s co-founder, Dr Vivienne McVey, said the money from the NHS settlement went into developing services for patients.
“Virgin Care has never made a profit and the Virgin Group has actually invested more than £75 million across the UK in people and technology, supporting doctors and nurses in their jobs and significantly reducing waiting lists,” she said.
Richard has publicly pledged that when it does make a profit, all profits and dividends (over and above his investment) will go back into helping NHS patients.

Ironic that they sued the NHS for loosing out on a contract that "Virgin Care has never made a profit" on.

Somthing doesn't exactly ring true. Either theyre philanthropists or they're not.

The whole "I'm going to sue you because you won't let me help you" is, quite obviously (well, to a lot of people at least!) a nonsense.

But that is exactly what your copy and paste text says!

But, hey, you can believe what you like.

 

[Barking Mat]

Why did Richard Branson sue the NHS?​

Branson's company Virgin Care sued the NHS after it lost out on an £82million contract to provide children's health services in Surrey in 2016.
The company cited concerns over "serious flaws" in the way the contract was awarded.
The NHS settled the legal dispute in November 2017 with an out of court settlement for an undisclosed sum.
NHS Surrey Downs clinical commissioning group (CCG) initially disclosed that its liability in the case was £328,000 in its October public finance papers, the Health Service Journal reported at the time.
Virgin Care’s co-founder, Dr Vivienne McVey, said the money from the NHS settlement went into developing services for patients.
“Virgin Care has never made a profit and the Virgin Group has actually invested more than £75 million across the UK in people and technology, supporting doctors and nurses in their jobs and significantly reducing waiting lists,” she said.
Richard has publicly pledged that when it does make a profit, all profits and dividends (over and above his investment) will go back into helping NHS patients.

Be as critical as you like, but the above works for me.

 

[brewdexta]

There's a bit of a pattern. Build something up, then sell it. So he may not turn a profit while he owns it. But when he sells, he'll get a lump sum and probably branding fees. The probably American health company who buys it won't have the same ethos.

However there are also concerns that a complex web of offshore holding companies are used to allegedly make sure virgin care always shows no profit. Have a read here if your interested, it's a long read https://www.nhsforsale.info/private-providers/virgin-care-ltd-new/

 

[Ross365]

It's worth remembering that "Galactic" is the direct descendent of Burt Rutan's "Spaceship One" and "Branson's efforts" have gained massively from Rutan's company "Scaled Composites". Rutan (retired now) was a much respected engineer who won many awards for his work. If he's made any comment since Sunday, I have not yet spotted it.

 

[fizzy]

There's a bit of a pattern. Build something up, then sell it. So he may not turn a profit while he owns it. But when he sells, he'll get a lump sum and probably branding fees. The probably American health company who buys it won't have the same ethos.

However there are also concerns that a complex web of offshore holding companies are used to allegedly make sure virgin care always shows no profit. Have a read here if your interested, it's a long read https://www.nhsforsale.info/private-providers/virgin-care-ltd-new/

Just like Welsh Water. They boast not for profit. The senior management do very nicely. And considering just how much it rains here we have some of the most expensive water in the UK.