Argosy and Vital health care are "internalising" their management.
They pay the current managers to get out of the contract and then they appoint new managers. How are the new managers paid?(percentage of the portfolio)
If the trusts aren't taking on their own staff and really slahing costs how is this beneficial. You may have a better management contract in the future but you've paid $32.5mil to end the old contract.
I am only asking as I am have not done my own research and wonder if there is an easy explaination.