Support of PFI hospital buy-out at Northumbria Healthcare
We supported Northumbria Healthcare following its decision to buy-out its PFI hospital in Hexham.
The trust borrowed the funds from a non NHS source to facilitate the buy-out, and the contract for the continued management and delivery of the hospital site was transferred to us. This created initial savings of £67 million and continues to deliver savings as a result of operating the NHFML delivery model. We now utilise this unique experience to provide assistance to other organisations which are looking at options around PFI facilities.