Another PFI triumph.
An NHS hospital trust has been formally warned it could be declared bust - in the first case of its kind.http://www.bbc.co.uk/news/health-18584968
South London Healthcare, a merger of three hospital trusts, had a £69m debt at the start of the financial year.
The health secretary has told the trust an administrator could be brought in within weeks. The trust could be dissolved and some services closed.
A spokesman for the trust reassured patients that services would be run "as normal" until a decision was made.
The trust amalgamated the Princess Royal University Hospital in Orpington, Queen Mary's Hospital in Sidcup, and the Queen Elizabeth Hospital in Woolwich in 2009.
When the three hospitals became one organisation they inherited a large debt - mainly from the private finance initiative (PFI) that had been used for the buildings at Orpington and Woolwich.
In recent years, the deficit has got worse - it reached 2012 with £69m of debt on a turnover of just over £424m.
There's a bizarre quote in there from the BBC's health correspondent, as well.
The effect will be felt across the health service - and while that may be welcomed by health economists, it will undoubtedly cause dismay to some patients.
Fucking 'health economists'? Get bent.