STRUCTURE: The health seceretary has backed Royal Cornwall Hospitals Trust’s bid for foundation trust status.

In a letter to staff, trust chief executive Lezli Boswell and chair Martin Watts said: “Getting to the third and final stage of the NHS Foundation Trust authorisation process is a major achievement and recognition of the significant progress we have made in recent months.”

The application will now go to Monitor for consideration.

The trust has a historic debt of about £21m due for repayment this financial year but the DH has agreed to restructure it over 15 years if the trust passes Monitor’s authorisation process.

Source

Letter to staff (atached, right)

Source date

3 October 2012

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