Six other NHS trusts at risk of ‘bankruptcy’
Six other NHS trusts face joining South London Healthcare in “administration” as they have taken on projects viewed by ministers as “unsustainable”, it has emerged.
The trust, which runs three hospitals, has been criticised over standards of care after being saddled with large debts from PFI deals.
Despite efforts to improve its financial performance, it is still thought to be on track to lose between £30 and £75 million a year for the next five years.
It was formally warned last night that it would be the first NHS body to be taken over by Whitehall-appointed administrators under the “unsustainable providers’ regime”.