STRUCTURE: South Warwickshire NHS Foundation Trust is proposing that it takes over the Royal Leamington Spa Rehabilitation Hospital.
Chief executive Glen Burley’s report to the trust’s July board meeting said the plans had been presented Warwickshire primary care trust.
Mr Burley said: “This proposal is predicated on our desire to invest in the adult acquired brain injury service and the associated need for the asset to be on our balance sheet in order for us to make such an investment.”
The transfer had been included in the terms of the business transfer agreement with the PCT during the transforming community services programme, which saw the FT taking over community services in the area.
Mr Burley said: “There are some additional financial benefits in the asset being on our balance sheet including the retention of depreciation within the local health economy and the improved EBITDA ratio that we will have as a result.”
Finance director David Moon was reported to have given the PCT guarantees that the trust would retain the asset.
The PCT was due to look over the trust’s plan before considering whether to recommend the transfer to the West Midlands strategic health authority.
Mr Burley said: “With PCT approval, we would anticipate that asset transfer could take place relatively quickly.”