Tue, 26 Jun 2012 | ADMINISTRATION
NHS hospital trust South London Healthcare could be dissolved and some of its services shut down as it struggles under the weight of excessive debts.
Administrators could be drafted into the trust in a matter of weeks, the health secretary warned.
The organisation, a merger of three hospital trusts, had debts of £69 million at the onset of the financial year.
The trust brought together the Princess Royal University Hospital in Bromley, Kent, the Queen Elizabeth Hospital in Woolwich and the Queen Mary’s Hospital in Sidcup in 2009. The newly formed organisation took on a hefty debt pile at the time, which is mostly from the private finance initiative (PFI) used for the buildings at Orpington and Woolwich.
Patients have been reassured that services will run “as normal” in the meantime while a decision is made about the trust’s future, a spokesman from the trust said.
It is understood that ministers are looking into a rescue deal for the trust, whereby taxpayers would assume responsibility for the £2.5 billion PFI contract the trust signed up to for the two new hospitals.
If the trust is to be broken up, a stronger, more successful NHS organisation or private medical service provider could take on some of the services.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.