– Department of Health
South London Healthcare Trust was overspending by around £1m per week and a lack of investment was putting patients at risk. Doing nothing was not an option.
Dissolving this failing trust will safeguard the best interests of patients in South London. The costs involved are far less than what would have been the case if we had left SLHT to carry on overspending.
The decision to dismantle a failing London NHS hospital trust could cost taxpayers almost double the amount originally estimated. The South London Healthcare trust, which included hospitals in Bromley, Woolwich and Sidcup, has been dissolved after amassing huge debts.
The Evening Standard reports that the shake-up will end up costing £466 million. Originally the cost was estimated at £265 million.