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Britain's Spire Healthcare to pay out 27 mln stg to victims of Ian Paterson

Reuters - UK Focus

Sept 13 (Reuters) - Spire Healthcare (Frankfurt: S00.F - news) said it decided to settle claims against the company relating to actions by Ian Paterson, a former breast surgeon currently facing jail-time for carrying out operations on patients he wrongly diagnosed.

Ian Paterson, who was employed as a consultant by the Heart of England NHS Foundation Trust, and who also operated in Spire (Stuttgart: SIZ.SG - news) 's Parkway (NYSE: PKY - news) and Little Aston hospitals, was found guilty of the 20 charges he faced, the company said in April.

Britain's second-largest healthcare firm said 750 patients who were wrongly diagnosed would be compensated by a fund, the company said on Wednesday, adding that it will provide "a mechanism for dealing with" any new claims brought before Oct (Shenzhen: 000069.SZ - news) . 30, 2018.

The fund will be paid for by the company and the insurers of Ian Paterson, the company said. Spire Healthcare's contribution will be 27.2 million pounds ($36.10 million).

The decision is expected to be considered by the high court in October. ($1 = 0.7535 pounds) (Reporting By Justin George Varghese in Bengaluru, editing by Louise Heavens)