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Privately-owned hospital group becomes a limited company

October 23, 2015

stethoscope and banknotesThe IJsselmeer hospital group has changed its legal form from a foundation to a limited company, clearing the way for it to pay profits to investors, RTL news says on Friday.

The group, with hospitals in Lelystad and Emmeloord, is owned by former doctor Loek Winter whose company MC Groep has bought up several financially troubled hospitals and clinics over the past few years.

The government plans to allow hospitals to pay dividends but opponents say money from the public purse should not go to private investors. The measure has been passed by the lower house of parliament but still needs senate approval.

Winter told the NRC in 2011 that he considered turning the hospital foundation into a limited company was essential in order to ‘legally pay out dividends’. According to its 2014 annual report, the hospital made a profit of €1.6m last year on turnover of €100m.

The MC Group also owns the Slotervaart hospital in Amsterdam.

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