US Acadia, bought the Priory Group for 1.28 bn last year and now owns half of all mental/behavioural services in England..
95% of The Priory Group income is now public money.In 2015/16 it received over 250 million of NHS funds.
Joey Jacobs owns Acadia Behavioural Healthcare Services and earned 8,241,847 dollars in salary, bonus and shares in 2014.
Tom Riall, Formally chief executive of Serco, with all its known financial scandals, was made CO of the Priory Group and is also a Director of 166 other learning disability companies including the Affinity Trust now Affinity Group and effectively controls most mentally disabled residential groups. His net worth is 1.66 billion
Due to five formal notices served by Coroners because of deaths in the Priory Group Riall moved on to My Dentist.
Does this sound like a cash strapped NHS ?? no it is a bonanza for private venture capital .
No competition, as all is owned and controlled by one company for max profit
Only those hospitals and residential units owned by US Acadia are funded by NHS England through its CCGs as the only ‘specified providers’ under the Health and Social Care Act.
The system is fed by no support in parent’s home due to LA cuts, but this is just the excuse, for a policy that feeds venture capital regardless of its service.
The rest of this lucrative behavioural industry is also privately owned by United Health Services who own Cygnet Hospitals and Cambian Group including NHS CAMHS groups. UHS previous executive was Simon Stevens who now heads NHS England which controls all CCG funding.
As we have seen there are no independent or indeed any investigations into service user deaths and even when there are and they last 18 months like Thomas Rawnsley’s death all is whitewashed and does not affect the service provider so there is no accountability as shown by recent death reviews for all our NHS billions.