Imperial reduces deficit forecast9th February 2012
Imperial College Healthcare Trust, which has been one of London’s most financially challenged trusts, is reporting a reduction in its predicted deficit.
It has forecasted a deficit of £19m for 2011-12, which is down from the £35m envisaged earlier this year, with the trust having cut the projected overspend after finding that the inflation estimate for the trust had been too high and improving savings plans. However, there remain concerns over the trust’s level of cash balances during quarter four and how it ensures it can continue to make payments.
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Title: Imperial reduces deficit forecast
Author: Mark Nicholls
Article Id: 21026
Date Added: 9th Feb 2012