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Losses of £95m for Babylon Partners Limited in the year to 31 December 2019 represent an increase from losses of around £60m in 2018 - and mean the company has reported a loss for five years in a row. As in accounts for 2018, the company attributed losses to 'investment in developing artificial intelligence technology and global expansion'.
Babylon Healthcare Services Limited, meanwhile - the arm that includes the GP at Hand service - also made a loss in 2019 of £1.8m. In 2018 Babylon Healthcare reported a profit of £288,537, just over double its profit of £108,358 for 2017.
Losses in the most recent accounts filed by Babylon Health and Babylon Partners come despite NHS data for January 2021 showing that GP at Hand now holds a patient list of almost 90,000 - the largest in England.
www.gponline.com
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Babylon Healthcare Services Limited, meanwhile - the arm that includes the GP at Hand service - also made a loss in 2019 of £1.8m. In 2018 Babylon Healthcare reported a profit of £288,537, just over double its profit of £108,358 for 2017.
Losses in the most recent accounts filed by Babylon Health and Babylon Partners come despite NHS data for January 2021 showing that GP at Hand now holds a patient list of almost 90,000 - the largest in England.
Company behind GP at Hand reports £95m loss
The company behind the controversial GP at Hand service - which holds England's largest GP patient list with nearly 90,000 NHS patients - lost more than £95m in 2019, its annual accounts show.
www.gponline.com
(free registration)
