FINANCE: The north London specialist trust has shortlisted three bidders for its proposed rebuild.

The potential partners, Sir Robert McAlpine, Balfour Beatty and Prospect Healthcare, were whittled down from an initial eight.

The trust was one of 22 listed on a recent Department of Health document as having PFI as an “obstacle” to its achieving foundation trust status.

The £104m-turnover trust has also recently had to admit it might not survive as an independent organisation, with merger, acquisition, privately franchised management or a social enterprise among the proposed options.

A panel to consider the options will report in September.

The Department of Health approved the outline business case for £90m scheme in December.

The trust said it aimed to have a preferred bidder within 18 months and to start work in 2013.

PFI project director Steve Turner said: “We were very impressed with the quality of the bids from a range of potential partners.

“This is a really exciting time for the RNOH as we look forward to realising our vision to provide state-of-the-art facilities for our patients”.