Wholly Owned Subsidiary Companies Under powers granted under the NHS Act 2004, the approach of successive Governments has been to empower NHS organisations so that they are responsible for deciding locally the most appropriate structures they need to deliver services to their patients and to support their operations.

Wholly owned subsidiaries in the NHS. In recent months a number of trusts have faced criticism over proposals to establish wholly owned subsidiary companies. Adam Wright, Policy Officer-Finances at NHS Providers explains in this article. what wholly owned subsidiaries are. why trusts are setting them up. why there is opposition to them.

Oct 03, 2018 · A wholly owned subsidiary is an organisation set up at arm’s length but still owned by the trust. It means that those services currently provided in-house will be provided by a separate company that will employ staff who currently work for the NHS.

Wholly owned subsidiaries set up by NHS trusts have recently been in the news. This briefing gives an overview of their history, why they are set up and how they are set up, as well as outlining the benefits they bring. It also sets out how trusts are managing the issues associated with this type of organisational form.

The subsidiary, although owned in full, or in part, by the NHS body will need to be. independent of its parent and the directors of the company must, under law, act in the best interests. of the company. The contractual documents which are agreed between the …