Experienced in supporting health trusts to buy out their PFI contracts where they are no longer fit for purpose.
We supported Northumbria Healthcare NHS Foundation Trust to buy out of the PFI contract that runs Hexham General Hospital by negotiating a £114m loan from the local council. The deal is thought to be the first of its kind and will save the trust £3.5m a year over the next 19 years.
We know that more than 100 PFI hospitals were built under the same agreement with many trusts struggling to pay back the high level of interest. During this process the team have built a wealth of skills, from negotiating with different partners to ensuring all legal aspects are covered too. If you think your trust would benefit from undertaking this process, or if you would like to find out a bit more, do not hesitate to get in touch with the team who are here to help and guide you through.