The regulator believes that there are reasonable grounds to suspect the trust has breached its licence to provide NHS-funded health services.
The trust will now draw up and implement plans to improve its financial position, and must also ensure it has sufficient capacity and capability to deliver these plans. The trust will also take steps to ensure it can continue to provide its services on a sustainable basis.
Paul Chandler, Regional Director at Monitor, said:
Warrington and Halton Hospitals NHS Foundation Trust will take urgent steps to improve its finances following our investigation.
It is important that improvements are now made and that the trust is able to provide its services on a sustainable basis for patients in the local area.
The regulator also examined the trust’s A&E performance. This part of the investigation has been closed without further formal regulatory action following improvements in performance. However, Monitor expects the trust to continue this progress, in collaboration with other local organisations.
The trust will report to Monitor on its progress and the regulator may take further action if required.