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The Wellbeing Standard bank Team, comprising the Mediterranean Financial savings Standard bank (CAM) and Bancaja (now built-in into Bankia), operated 28 hospitals and 100 well being centers in Spain. The CAM, in spite of getting received a big injection of public funds (2800 million euros 1) had to be operated on and it has now been sold to Banco Sabadell for one euro.

Beforehand, these entities have already been unable to accomplish or the fifty million required to pay out the debt incurred by developing one of its hospitals PFI (Torrej³n Hospital), have had to promote off its healthcare amenities in Valencia and Madrid .

Rodrigo Rato and President of Standard bank Wellbeing opted to shut an distinctive negotiation process Capio, for the small figure of 115 million euros, adhering to a tender evaluation report prepared by consultants Cost Waterhouse Coopers (PwC).

Standard bank Entities are Wellbeing, CAM and Bancaja, built-in portfolio Concessia are portion of the joint enterprise selected for funding a new hospital in Vigo (OVC) from the intervention from the PwC consulting received from the Xunta de Galicia 220,000 euros for the suggestions of the award, in December 2010 2.

Even so, in spite of the make-up of their accounts, the insolvency from the CAM wasn't a solution at that time.

The President from the Standard bank of Spain, Fernandez Ordonez, who called the CAM and the worst from the worst from the savings banking companies 3 had leaked, and in April 2009 a summary of seven containers which were to become restructured, such as may be the CAM 4. In 2009 the true estate subsidiary from the CAM were in technical personal bankruptcy inside the first quarter of 2010, Alicante box yields a end result 30.6% decrease than the identical period of time in 2009 5. At the conclude from the first half of 2011 the CAM confirmed a loss of one,731 million euros, with a default price of 20% and coverage towards the brick of 16,000 million euros 6.

Why are well being centers undersell the Wellbeing Standard bank to some foreign organization in spite of getting been lifted as well as cleaned up (Alzira) after its personal bankruptcy with all the funds from the inhabitants from the Valencian group and why it paralyzes the government's project to develop bipartisan the OVC, funding and governance which is awarded to some joint enterprise with insolvent entities representing an increase from the price of about 1000 million euros?

The conflicting interests among the concessionaire UTE NHV (Bridges and Roads, CAM and Banki) PwC, private healthcare (Capio) and the PP could possibly be guiding these awards, each Capio Wellbeing Standard bank and the OVC to selected the joint enterprise:

one. Manuel Lamela CP is really a male of wonderful self-assurance and de Rato, previous chief of his cabinet. Given that leaving politics in 2008 has grown from the public well being supervisor to get a private employer inside the identical sector. Madrid is leader of Spot Health-related, which has among its companions Capio. Also is really a director of Bankia Lamela (Caja Madrid).

Banco de Celulas Madre