Milton Keynes Hospital Foundation Trust
Milton Keynes ended financial year with £8.8m deficit
FINANCE: Milton Keynes Hospital Foundation Trust ended the 2012-13 financial year with a £8.8m deficit, the Monitor consolidated accounts for the year reveal.
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The report to the foundation trust regulator said the tryst had been in significant breach of the terms of its authorisation since March 2010 and that it recorded a deficit of £8.8m at the end of 2012-13.
It said: “The trust recognises a significant risk to delivery of required efficiencies from 2014-15 without structural change through a merger, joint working or other reconfiguration options.”