Peterborough trust seeks partner to take it into the black

The NHS foundation trust with the largest private finance initiative (PFI) bill in England is to seek help from anybody—including the private sector—with a viable plan to turn around its financial deficit.

Peterborough and Stamford NHS Foundation Trust has submitted a plan to the regulator of foundation trusts, Monitor, for a competitive tendering process to run services at its two hospitals. The trust spends £42m a year financing PFI debts incurred to build Peterborough City Hospital, opened in 2010. It cost £298m to build, but the PFI contract …