Monitor's intervention at Bradford Teaching Hospitals NHS Foundation Trust (BTHFT)
In October 2004, Monitor initiated a formal intervention at Bradford Teaching Hospitals NHS Foundation Trust, following serious concerns relating to the trust's financial management capacity.
By November 2004, the trust was forecasting a loss of £11.3m for the financial year ending 31 March 2005, compared to the projected surplus of £2.3m.
Following its authorisation as a foundation trust, the organisation was aware that financial problems were developing, but Monitor deemed the initial response by the board to be insufficient. Monitor issued a notice in December 2004, which replaced the chairman of the trust with immediate effect.
Notice of exercise of intervention powers under section 23 of the Act.
Update on Bradford Teaching Hospitals NHS Foundation Trust.