Spire Healthcare Group has pulled out of plans to build a £70m hospital in Milton Keynes, citing return on investor capital measures.
A spokesperson for Spire told HM the decision was in no way a reflection on the location but that the company had decided to focus its resources on its existing portfolio as part of its overall strategic direction.
‘Our current focus is on enhancing our existing estate rather than further expansion through building new hospitals’ she said.
Spire announced plans to develop a 54-bed hospital at the site near Milton Keynes University Hospital NHS Foundation Trust in 2017 and it had been due to open next year. Costs of £3.6m associated with the potential development of the site were written off in FY18 results, although discussions with the Milton Keynes Development Partnership, which is owned by Milton Keynes Council, continued.
Spire said it had now terminated the contract with the Milton Keynes Development Partnership, which is expected to look for a new partner for the project.