GP support services will see 'no impact' from £500m loss, says Capita
GPs will not be affected by Capita’s annual loss of over £500m in 2017, the outsourcing firm has confirmed.
Following a reported loss of £513.1m last year, Capita said it will have ‘no impact’ on Primary Care Support England and GPs, adding that ‘it’s business as usual’ for the company.
Capita is looking to recoup the funds by selling shares to current shareholders, through a rights issue, which is expected to raise £701m.
This comes after the BMA called on the Government to give GPs assurance of its plans should Capita collapse after the ‘extremely concerning’ 40% drop in Capita’s share price in January.
But, when asked what the latest setback will mean for PCSE and GPs, a Capita spokesperson said: ‘There will be no impact – it’s business as usual.’
They added: ‘It’s important to remember that Capita is still a profitable company. We’ve got a really strong outlook in the market with profits expected between £270m and £300m for 2018.’
BMA GP Committee chair Dr Richard Vautrey has already written to NHS England saying the lack of improvement in the service delivery of PCSE ‘is completely unacceptable’.
Dr Vautrey added the GPC would support ’practices and individual doctors in taking legal routes to seek resolution’.