All Private finance initiatives (PFI) articles – Page 10
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News
Unique hybrid finance model planned for trust's PFI
A foundation trust is in talks about combining a “bullet payment” from the Department of Health with its own surplus and charity funds to make a private finance initiative rebuild more affordable.
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NewsCouncil plans £100m loan to buy out foundation's PFI contracts
A local authority is in negotiations to lend up to £100m to a foundation trust seeking to buy out its private finance initiative contracts, HSJ has learned.
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NewsExclusive: Most troubled trust could be allowed to go bankrupt
The most financially troubled hospital trust in England could effectively be allowed go bankrupt and see its work redistributed between the independent sector and other trusts.
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LeaderGovernment won't enjoy efficiency gained from public sector borrowing
Can efficiency be achieved through increased public spending?
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CommentSally Gainsbury: PFI bailouts are a sign of things to come
Those who are worried that the current top-down reconfiguration of the NHS will be the last of its kind received some good cheer last week, when the seven lucky recipients of its £1.5bn private finance initiative bailout scheme were announced.
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NewsGovernment estimates central bail-out of seven trusts will cost £1.5bn
The government has estimated that bailing out hospital trusts with large PFI repayments could cost £1.5bn.
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NewsLIFT companies seek NHS Property Services links
Companies set up under a public-private partnership scheme are positioning themselves to become key partners to NHS Property Services, the firm formed to manage health service assets.
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HSJ Local
Interest in North Bristol tender "encouraging"
COMMERCIAL: North Bristol Trust has received eight pre qualification questionnaires in response to its tender for a partner to build and health and social care centre and provide nursing services.
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NewsExclusive: trusts given days to apply for £300m capital fund
The Department of Health has confirmed the existence of a surprise £300m fund for capital projects that some trusts had seven working days to apply for - and others have still not been told about.
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CommentAll eyes on London's billion-pound merger after SHA sign off
By the time you read this, NHS London will almost certainly have signed off the Barts/Whipps Cross/Newham merger.
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News
Revealed: the six trusts that need DH support with their PFI
Six hospital trusts have been identified as needing Department of Health cash support with their private finance initiative payments in order to make foundation trust status, HSJ can reveal.
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HSJ Local
National quality director takes job as acute chief exec
WORKFORCE: Department of Health national director of quality Ian Cumming is to take over as chief executive at North Bristol Trust when incumbent Ruth Brunt retires next year.
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HSJ Local
Coventry and Warwickshire deficit hits £8.5m
FINANCE: University Hospitals of Coventry and Warwickshire NHS Trust has run up a deficit of more than £8.5m, with cost improvement plan savings falling behind schedule.
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HSJ Local
Sherwood Forest slips on capital spend
FINANCE: Slippage on capital expenditure due to the delay on the renal scheme remains outside of the 25 per cent tolerance level that Monitor applies to capital spend variances.
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NewsOsborne outlines PFI reassessment plans
Chancellor George Osborne today announced a “fundamental reassessment” of the government’s controversial private finance initiative, with the aim of cutting costs and improving transparency.
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HSJ Local
Maidstone and Tunbridge Wells confident of breakeven
FINANCE: Maidstone and Tunbridge Wells Trust is still forecasting breakeven for the financial year, despite the added costs of its new PFI hospital at Pembury.
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HSJ Local
Sherwood Forest considers removing PFI asset
STRUCTURE: The trust agreed to consider removing Mansfield Community Hospital from its private finance initiative if it could not transfer to the trust under Transforming Community Services.
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CommentReview of London trusts reveals fears for safety
By now everyone in London’s heard of the SaFE review. NHS London commissioned consultants McKinsey to put together the Safe and Financially Effective paper and it has sat on desks for a few weeks at Southside. It’s explosive.
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HSJ Local
McKinsey finds Sherwood Forest's PFI is 'sustainable'
FINANCE: A McKinsey review of the trust’s private finance initiative has found it is sustainable, with health community support.
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HSJ Local
West Middlesex paying £4.2m a year in interest
FINANCE: The west London trust, which has an annual turnover of £149m, is paying £3.4m a year interest on its PFI and £800k for a DH loan.