Investigation launched at South London teaching hospital
Monitor has opened an investigation into the sudden deterioration in finances at St George鈥檚 University Hospitals NHS Foundation Trust.
皇冠体育app investigation will examine how and why this situation has happened, and identify possible solutions.
Monitor granted St George鈥檚 foundation trust status in February 2015 on the basis it would break even in 2014-15 and make a small surplus in 2015-16. 皇冠体育app regulator is now concerned as the trust has recorded a 拢16.8 million loss for 2014-15 and may record a larger deficit in 2015-16.
皇冠体育app regulator also wants to understand why St George鈥檚 has failed to sustain its progress in treating patients more promptly, as requested at the time of its foundation trust authorisation.
Monitor will announce the outcome of the investigation in due course.