London’s Bupa Cromwell Hospital has reported pre-tax losses of £3.4m as patient numbers continue to decline and staffing costs accelerate. In common with other central London hospitals, the Cromwell has been hit by the slowdown in patients from the Gulf states coming to the UK due to the fall in oil prices.
Although overseas market entrants such as Cleveland Clinic, the Mayo and Schoen Clinic, could enhance the UK capital’s reputation as an international medical destination, they will also increase competition for staff and patients, with potential challenges for incumbent providers.
Meanwhile, MSI’s directors warned that the potential of an ‘no deal’ exit from the European Union could lead to ‘significant commercial, operational and legal impacts on UK businesses’ going forward.
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