from the Independent UK:
A leading teaching hospital faces closure as a result of the financial crisis gripping the NHS in the capital. Managers at Imperial College Healthcare NHS Trust, which runs three major hospitals in London and two others, are considering a proposal to shut St Mary’s, Paddington and sell off the site to property developers.
Six architect firms, among them the Danish company CF Moller, have been asked to quote to turn St Mary’s into 3,000 flats. Imperial wants to know how much it could raise from the sale of the site before it makes a final decision.
The health trust, one of the largest in the country, is effectively bust. It faces debts which have grown from £40 million to £100m this year and must implement radical cuts to balance its books.
The proposed closure highlights the immense pressures on the NHS, which must find £20 billion of savings over the next four years, at the same time as it implements a bitterly contested NHS reform bill which returns to the Commons tomorrow. .........(more)
The complete piece is at:
http://www.independent.co.uk/life-style/health-and-families/health-news/top-hospital-to-be-closed-as-cash-crisis-engulfs-nhs-2349300.html