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Hinchingbrooke: Ali Parsa steps down as chief executive | Hinchingbrooke: Ali Parsa steps down as chief executive |
(35 minutes later) | |
The chief executive of the firm running Cambridgeshire's Hinchingbrooke Hospital, the first in the NHS managed by a private company, has stepped down. | |
Circle Holdings plc took over the hospital in February this year in a £1bn, 10-year deal. | |
Chief executive Ali Parsa will be replaced by Steve Melton, who will serve on an interim basis. | Chief executive Ali Parsa will be replaced by Steve Melton, who will serve on an interim basis. |
Mr Parsa will remain on the board of Circle as founder and a non-executive director, the company said. | Mr Parsa will remain on the board of Circle as founder and a non-executive director, the company said. |
Under the deal Circle assumed the financial risks of making the hospital more efficient and paying off its £40m of debts. | Under the deal Circle assumed the financial risks of making the hospital more efficient and paying off its £40m of debts. |
'Entrepreneurial vision' | 'Entrepreneurial vision' |
The company said the main reason for Mr Parsa to step down was to give him more time to fulfil "his passion for social entrepreneurship". | The company said the main reason for Mr Parsa to step down was to give him more time to fulfil "his passion for social entrepreneurship". |
"Ali has been instrumental in forming the entrepreneurial vision and early development of the company," Michael Kirkwood, chairman of Circle Holdings, said in a statement. | "Ali has been instrumental in forming the entrepreneurial vision and early development of the company," Michael Kirkwood, chairman of Circle Holdings, said in a statement. |
"He has been a pioneer developing a business model which empowers doctors, nurses and healthcare professionals to redefine UK healthcare delivery for the benefit of their patients. | "He has been a pioneer developing a business model which empowers doctors, nurses and healthcare professionals to redefine UK healthcare delivery for the benefit of their patients. |
"The board and Ali have agreed that now is the appropriate time for him to assume a non-executive role." | |
Mr Parsa said: "I wish to step down from my executive leadership role so that I have the time I need for other projects that now require some of my focus." | |
Mr Melton, who takes over, is currently Circle's head of mobilisation. He joined the company in February 2008. | |
Circle said it would recruit a permanent successor to Mr Ali, with candidates from both inside and outside the company. |