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The first NHS hospital to be handed to a private management firm will be back inside the health service in March, a parliamentary watchdog has been told.
Steve Melton, head of Circle, which ran Hinchingbrooke in Cambridgeshire, from 2012, was being questioned by the Public Accounts Committee (PAC).
He said budget cuts and high demand made the deal unsustainable and denied a damning report was the cause.
Last month, the Care Quality Commission branded the hospital "inadequate".
Mr Melton said the report did not show the full picture and the trust's income increased by only £1m over the franchise period.
http://www.bbc.co.uk/news/uk-england-cambridgeshire-31104003
Steve Melton, head of Circle, which ran Hinchingbrooke in Cambridgeshire, from 2012, was being questioned by the Public Accounts Committee (PAC).
He said budget cuts and high demand made the deal unsustainable and denied a damning report was the cause.
Last month, the Care Quality Commission branded the hospital "inadequate".
Mr Melton said the report did not show the full picture and the trust's income increased by only £1m over the franchise period.
http://www.bbc.co.uk/news/uk-england-cambridgeshire-31104003
