The main hospital for 130,000 subscribers to private medical insurers Manor House Healthcare is to close.
The 73-bed Manor House Hospital in Golders Green, north London, is the latest victim of a glut of private beds in London.
Commenting on the closure, healthcare analyst William Fitzhugh said Manor House was one of about 40 hospitals that were “very vulnerable”.
He added that they were outside the national networks run by BUPA and PPP and thus lacked patient throughput, and said closure of other old independent hospitals was inevitable.
The site of the hospital will be put up for sale early next year. Local agents expect the 3.6 acre site to fetch around £10 million.
John Holme, chief executive of the society, said: “The migration of our members from treatment at Manor House Hospital to other centres of excellence and the consequent drop in local throughput into Manor House Hospital has made its position untenable. Therefore, and with our members’ interests at heart, we have no option but to put the hospital up for sale.”
He said the society understood the “uncertain future” faced by 200 hospital staff, but added: “This is a friendly society unafraid to take tough commercial decisions in its members’ interest.”
Proceeds of sale would be put to “providing increased and improved benefits for the members of Manor House Healthcare, whose reasonable expectations the society has a duty to fulfil”.
The society is a non-profit distributing private medical insurer. It currently takes only group or corporate members, rather than individual subscribers. Among members are some of the country’s leading blue chip companies and major trade unions