Consider a parabola with focus $F$ and vertex $V$; define $a := |\overline{VF}|$. Let $\overline{PQ}$ be a focal chord of the parabola, with $M$ its midpoint. Let $F^\prime$, $P^\prime$, $Q^\prime$, $M^\prime$ be the projections of the corresponding points onto the directrix. (Note that $|\overline{VF^\prime}| = a$.)

It is "known" that the tangents (not shown) at the endpoints of a focal chord are perpendicular, and that they meet at the point on the directrix halfway between their own projections. In our scenario, that point must be $M^\prime$, so that the circle with diameter $\overline{PQ}$ is tangent to the directrix at $M$. Let $r := |\overline{MM^\prime}|$ be the radius of that circle.
It is also "known" that the tangents at $P$ and $Q$ bisect respective angles $\angle FPP^\prime$ and $\angle FQQ^\prime$. This implies that $F$ is the common reflection of $P$ over $\overline{PM^\prime}$ and $Q$ over $\overline{QM^\prime}$, so that $\overline{FM^\prime}\perp\overline{PQ}$. Define $m := |\overline{FM^\prime}|$. A little angle chasing shows that $\angle FM^\prime F^\prime \cong \angle FMM^\prime$, so that the similar right triangles yield
$$\frac{2a}{m} = \frac{m}{r} \qquad\to\qquad m^2 = 2 a r \tag{1}$$
This comes in handy for calculating the power of $V$ with respect to the circle:
$$\begin{align}
\text{power of $V$ wrt $\bigcirc{M}$} &:= n^2 - r^2 \\
&\,= n^2 - (r - a)^2 - 2 a r+ a^2 \\
&\,= |\overline{M^\prime F^\prime}|^2 - 2 a r + a^2 \\
&\,= m^2 - (2a)^2 - 2 a r + a^2 \\
&\,= (m^2 - 2 a r) - 3 a^2 \\
&\,= - 3 a^2 \tag{2}
\end{align}$$
We observe that this value is independent of our choice of $P$ and $Q$, and is therefore a constant of this configuration. Consequently, for any two focal-chord-diameter circles, vertex $V$ has the same power with respect to each; this places $V$ on the circles' radical axis, which for intersecting circles is the line containing their common chord. $\square$