Most hospitals are not owned by the State. They are funded by the State but they are privately owned. It's not about making a profit, it's about value for money. At the moment there is no incentive for a hospital to be efficient or well run.Comparing a multinational and our hospitals and health service isn't possible as both are completely different.
I don't even know how to respond to the suggestion of getting our health service to " compete" for state contracts the hospitals are owned by the state and their primary role is to treat illnesses not make a profit.