Spanish healthcare public private partnerships: The 'Alzira model'

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Global infrastructure reports suggest that, in the wake of the fiscal crisis, healthcare PPPs are seen as a growing area as governments switch attention to social welfare projects. Spain is unique in having had a PPP hospital in operation for over a decade which is funded through a capitation fee. This paper takes a critical approach to evaluate this project, with our analysis showing that the original project could never have been viable and that the renegotiation of the contract has been costly to the government. Viewing the contract through a financialised lens we can see how this contract has been used to 'make up' a market for the private delivery of public healthcare in Spain. We also call into question the role of the Spanish savings banks in financing this type of project, which has now been replicated with further hospitals in Spain and Portugal, as well as in developing countries such as Lesotho. © 2011 Elsevier Ltd.
Original languageEnglish
Pages (from-to)533-549
Number of pages16
JournalCritical Perspectives on Accounting
Issue number6
Publication statusPublished - Aug 2011


  • Healthcare
  • PPPs
  • Public sector
  • Spain


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