The first NHS hospital is being marketed for sale

Wed, 13 Apr 2011 | BUSINESS SALE

The first NHS hospital has placed itself on the market after admitting that it cannot sustain itself financially.

Aneurin Bevan, the Labour Party politician who spearheaded the NHS in 1948, selected Trafford General Hospital as the founding NHS hospital in the UK.

The Trafford Healthcare NHS Trust plans to market the hospital for sale openly by August if no bids are forthcoming from other NHS organisations. The hospital could face being taken over by a private healthcare service provider.

The hospital would prove to be a challenge to any new owner. It is understood that it will need an injection of £16.8 million from NHS funds just to break even in 2011-2012. This funding has not yet been secured either.

The Department of Health has been supporting the trust and has injected £13.3 million into it over the past four years. About £10.7 million has yet to be repaid.

Plans have been outlined which will see 26 to 40 per cent of the hospital’s activity cut over the next five years. It has been generating less than the average income for an NHS hospital trust.

Ron Calvert, the chief executive of the trust said, “Clearly something has to change because we are not operating at a scale that means we can continue as we are.”

Private hospital group Circle Healthcare is presently in the process of taking over an NHS hospital in Cambridgeshire, and said it would “love” to operate the trust.


Share this article



Latest Businesses for Sale

Courier Business
UK Wide

Long-established courier business, which has an excellent reputation for providing a bespoke and rapid response service to its loyal client base. Established 20 years+. Excellent reputation for speedy, flexible and efficient service, 365 days of the...

Asking Price: Offers Invited
Turnover: £600,000

LEASEHOLD


Manufacturer & Retailer of Textiles
UK Wide

This long established company is a second generation family business specialising in the design, manufacture, installation and retailing of blinds, fabrics and wallpapers. Offers invited.

Asking Price: Offers Invited
Turnover: £500,000

LEASEHOLD


Microsoft Independent Software Vendor Partner
Midlands, UK Wide

Microsoft 365 ISV & Services Partner – Healthcare and Public Sector. An opportunity has arisen to purchase an established Microsoft Independent Software Vendor Partner (ISV) providing Software, ‘SaaS’ and Services for Microsoft 365 Information Manage...

Asking Price: Offers Invited
Turnover: £1,200,000


View more businesses for sale

News Search

Latest News

 
06
 
Jul
 

Aviation claims specialist enters administration | ADMINISTRATION

Didsbury-based aviation claims specialist Flight Reclaim has...

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources