Chair of our Compensation . However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. But there is another way. After all, while there have been exceptional cases in which hospitals have bought out PFI contracts this is not feasible for larger PFI deals, such as that involving Barts Health, without the backing of government. Norwich South MP Clive Lewis. Lead the charge on the significant opportunities around PFI handbacks. If your agency is in need of additional manpower and you cannot handle it in-house (current employees, overtime, or temp/term appointments) and contractors are too expensive or take too long to setup, then PFI may be a great alternative. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. For the purposes of that scheme, weve rated this claim as partly false During that time, he took Freightways through several ownership changes and by the end of his time as Managing Director, the company had achieved significant growth resulting in a market capitalisation of $1.2 billion. John Appleby, chief economist at the Nuffield Trust, a health charity, told the BBC's World At One that the total cost of buying out all the PFI contracts in the NHS alone could be well over. The hospital was built using a PFI. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. It hosts the Norwich GP speciality training scheme. Bhd. PFI is an NZX listed property vehicle focused on the industrial sector. The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . The consortium which financed NNUH is called Octagon Healthcare. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. The consortium which financed NNUH is called Octagon Healthcare. Sincerely, Erwin Gianchandani Assistant Director Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Jon Wiegand Head-Power, UK Global Broking Center. (712) 458-2001. Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . PFI-RP grants are up to $550,000 over 36 months. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. [1] She has more than 35 years of experience in the socio-development sector. But at the current rate of payment it would take more than 60 years to clear the debt. A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. Innisfree paid 5.8m to its eight directors in 2015, including 3.2m to one unnamed director, according to its financial report. He is not. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. A report to the N&N's board warns it may struggle to find savings. Quote Tweet. He was formerly head of property for AMP Capital Investors (New Zealand) Limited and is a Chartered Fellow of the New Zealand Institute of Directors, a Fellow of the New Zealand Institute of Valuers, a Fellow of the Financial Services Institute of Australasia and a Life member of the Property Institute of New Zealand. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. Requires an industry partner. A Department of Health spokesperson said: 'We provide advice and consultancy on PFIs to individual trusts across the country, making savings on their current contracts.'. As early as 1999, Richard Smith, editor of the British Medical Journal, denounced it as PFI: Perfidious Financial Idiocy in an editorial revealing that repayments would be exorbitant. A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Director since 2001, last re-elected June 2020. Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. However this plays out, it looks like the stage is set for the final act of the PFI story. As one comes out of Whitechapel Tube station, the new Royal London hospital certainly looks impressive. For Professional Investors only. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. However, it suggests that privately financed hospitals are potentially anticipating something else the expansion of private healthcare. The Norfolk and Norwich was one of the first hospitals to sign PFI contracts, only to see Octagon refinance the project, increasing its borrowing from 200 million to 306 million. Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. Total Quantity or Scope. because Tony and Cherie Blair are not directors of Octagon Healthcare. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. The N&N is about 3pc of its portfolio. This site is part of Newsquest's audited local newspaper network. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. It is a socialist paper and gives particular coverage to Trades Union and International news. He was until recently a member of Buddle Findlay's board for seven years. Shalini is a graduate of the University of the South Pacific having completed a double major Bachelor of Arts degree in Accounting & Financial Management and Economics. The Norfolk and Norwich University Hospital was also highly commended in the Commission for Architecture and the Built Environment Prime Minister's Better Public Building Award in 2002. Under the PFI, a private sector consortium builds and maintains the building and then leases it back to the public sector. [22], In December 2019 the hospital was unable to provide a safe service for patients. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. She has previously held roles in the property industry. 06975984) limited by guarantee and registered in England and Wales. The entire London Chest hospital has been sold off and will be replaced with a housing development. Same goals than PFI-TT. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. So, we have to do that. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. It has investments in 57 projects, worth 17.3 billion, according to its website. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. Applied research towards commercialization. One man even threatened to kill the Blairs because of this untrue post. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos He said he would also be writing to Octagon. [7], A 4.5m radiotherapy cancer treatment unit, the Winterton Unit, at the Norfolk and Norwich University Hospital, was opened by the Duke of Gloucester in May 2014. That 20m would pay the wages of 800 nurses, or 200 GPs. In this situation of financial crisis it has also accepted its liability for Octagon being able to repay its debts. And why are they asking about it now? [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. The Norfolk and Norwich University Hospital. St. Louis, MO 63108 Phone: (800) 500-8130 or (314) 371-6000, ext. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. [2] The estimated base pay is $107,006 per year. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. Copyright 2010-2023 Full Fact. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". There must be a new leadership to carry this struggle forward. The Norfolk and Norwich University Hospital was built under the Private Finance Initiative (PFI), and opened in late 2001: it has 1237 acute beds and offers a wide range of NHS acute health services plus private patient facilities. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. That this is completely unacceptable and has to be dealt with is obvious. It has even been described as owning outright three NHS hospitals. Ive messaged him, asking why he shared it. 1158683) and a non-profit company (no. . This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. It was a persuasive argument which seduced many. If you wanted to keep it simple then the PFI debt would cover the entire NHS budget for over 2 years. search. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. It promotes hate, damages peoples health, and hurts democracy. Inside, the first impression is that it is state of the art. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. [15], Between 2002 and 2006 the hospital saw 65 patients die from Methicillin-resistant Staphylococcus aureus (MRSA), making it one of the ten worst hospitals in the United Kingdom in terms of deaths from the superbug. Event Calendar; PFI Annual Conference. Be seen as the team's 'go to' subject matter expert in relation to PFI. Previously, Angela held a number of senior positions over a 10-year period with Foodstuffs Auckland and Foodstuffs North Island, most recently being General Manager Property Development for Foodstuffs North Island. The hospital is part of the Norfolk and Norwich University Hospitals NHS Foundation Trust. Do Rishi Sunaks claims about hospital discharge funding stack up? Similar schemes across London and the country have been plagued with controversy. Anthony's other directorships include Arvida Group Limited. All 100% Facts = Google them. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. Full Fact is a registered charity (no. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. The management is saying: There is only one way that this jobs massacre can be lessened. Providing technical leadership to grow the teams capability. Guess who two of the Company Directors are = Tony and Cherie Blair ! Full Fact is a registered charity (no. Prior to joining PFI, she held previous roles in customer service and reception. Those ads you do see are predominantly from local businesses promoting local services. But why does it then wrongly name the Blairs as company directors? Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. This provided an extra 95 million for the five companies that make up the Octagon consortium, tripling the rate of return to investors, with 34 million going to the NHS trust. These adverts enable local businesses to get in front of their target audience the local community. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. Tony Blair and Gordon Brown saw Private Finance Initiatives as a way to deliver infrastructure projects without huge capital expenditure, The British construction and outsourcing firm announced its immediate liquidation on 15 January, HSBC was among those banks instrumental in what the RBS chairman has effectively labelled a great heist, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, This is what Private Finance Initiatives are and how they work, The great PFI heist: How big banks took over UK plc, How to Dismantle the NHS in 10 Easy Steps, Extra 20% off selected fashion and sportswear at Very, Up to 20% off and extra perks with Booking.com Genius membership, $6 off a $50+ order with this AliExpress discount code, 15% off selected items using this eBay discount code, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK February 2023, Compare iPhone contract deals and get the best offer this February, Compare the best mobile phone deals from the top networks and brands. 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