US-based healthcare operator buys VGH hospital concession
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An agreement signed between Vitals Global Healthcare and leading United States-based healthcare operator Steward Health Care, which will see it take over the project to provide new hospitals in Gozo, St Luke’s and Karin Grech, as well as the creation of a Barts campus in Gozo, has been welcomed by the Government.
In a statement today The Government said that it is pleased with the fact that the agreement will strengthen the ongoing work even further, which it said, “will continue to deliver free and world-class healthcare facilities in Malta and Gozo.”
Steward Health Care is the largest private healthcare operator in the United States, where it is responsible for a total of 36 hospitals employing some 37,000 professionals.
The Government added that it is assured that the projects started by Vitals Global Healthcare will all be delivered as stipulated by the original contracts.
The Vitals Global Healthcare and Steward Health Care agreement guarantees the continuation of work started by the former, in line with the standards the government set out in the PPP agreement. The agreement will be preserved in its entirety, said the Government.
The statement went on to say that, “the insertion of a new operator in our healthcare system will in no way affect its main pillar-our healthcare service was and will remain free. In addition, Steward Health Care is bound, as was VGH, to retain the same conditions of work for all staff. Furthermore, all agreements with unions will be retained.”
The Government concluded by saying that it believes that the involvement of this US-based healthcare leader is a very important vote of confidence in the country. “This will lead to the further upgrading of Malta’s free universal healthcare system, thereby improving the health of our citizens and benefiting the local economy.”