FINANCE: Portsmouth Hospitals Trust has been given a £6m bailout by the Department of Health.
The trust was given £6.2m by the DH in April, published departmental accounts reveal.
A spokeswoman for the the DH said: “Portsmouth were provided with a one-off cash injection to help improve its working capital cycle.”
DH information (attached)
August 2013
A foundation trust has sold one of its former hospital sites to the local university, which plans to use it for a centre of research into elderly care, along with housing and business units.
The long-planned hospital merger in Liverpool is unlikely to create an NHS trust which is financially secure – so there will need to be a rebalancing of funding in the city to help it escape a structural deficit, according to an acute chief executive in the patch.
The Department of Health and Social Care has received an additional £600m from the Treasury to cover “unforeseen” cost pressures in 2018-19.
A deficit ridden acute trust has rejected a demand by NHS Improvement to deliver a £23m surplus in 2018-19, with local commissioners criticising the imposed target.
A heart patient is believed to have died after not receiving treatment quickly enough due to a troubled hospital’s cardiac unit being used “extensively” for extra bed capacity.
Three patients suffered severe harm because their chest x-rays were among tens of thousands of tests not reviewed properly at Portsmouth Hospitals Trust.
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