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Media Briefing Note: South London Healthcare NHS Trust Administration

12 July 2012

LONDON, 12 July 2012 - Commenting on today's announcement that the South London Healthcare Trust will be put in to administration James Larmour, Of Counsel in Hogan Lovells' infrastructure and project finance practice, said:

"The decision to put the South London Healthcare Trust in to administration is hardly surprising given its well documented financial problems.  The Secretary of State should be applauded for taking decisive action to try and put the trust on an even footing.

"The trust administration regime should not be confused with the administration regime applicable to commercial entities.  It does not mean that the trust will inevitably be wound up or that hospitals will be closed.  The most likely outcome is that the trust's hospitals will be transferred to better performing trusts.

"Investors in the trust's PFI schemes should not be spooked by administration as statutory protections should safeguard their interests.  However, the cost of PFI schemes is high on the media agenda and the industry as a whole can expect some flak as a result".

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