Peterborough and Stamford Hospitals NHS Foundation Trust

Peterborough and Stamford Hospitals NHS Foundation Trust
Type	NHS hospital trust
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Peterborough and Stamford Hospitals NHS Foundation Trust was one of the first ten NHS Foundation Trusts in England, established in 2004. It operated Peterborough City Hospital and Stamford and Rutland Hospital. The trust was also one of the six centres used by the Defence Medical Services. In 2017, it merged with Hinchingbrooke Health Care NHS Trust to form North West Anglia NHS Foundation Trust.

History

Peterborough Hospitals NHS Trust was established in 1993 and consisted of Peterborough District Hospital and Edith Cavell Hospital. In 2002, Stamford and Rutland Hospital in Lincolnshire joined the trust. In 2006, Peterborough and Stamford Hospitals NHS Foundation Trust was recognized as one of the top performing NHS acute trusts in the country. It became one of the first ten NHS foundation trusts in England in 2004.

The construction of the new Peterborough City Hospital, financed through the Private Finance Initiative, resulted in significant financial difficulties for the trust. It faced an underlying deficit of £37 million per year on a turnover of £222 million. The resolution of its financial problems remained uncertain. In July 2016, the trust announced that it required £650 million of central financial support over the next 26 years to fulfill its £1.8 billion contract.

A redevelopment program for Stamford Hospital was approved in October 2013.

In January 2014, there were reports that Circle Health was considering a rescue bid for the trust, potentially partnering it with nearby Hinchingbrooke Hospital.