As part of the health sector regulator’s investigation it will look into whether the trust’s leadership could have prevented the recent deterioration in its financial position.
The trust’s latest financial projections show that it could be around £4 million in deficit, when it originally planned for a £3 million surplus.
Monitor is seeking to fully understand this problem and explore what can be done to put it right on behalf of patients.
Paul Chandler, Regional Director at Monitor, said:
This investigation will scrutinise the trust’s finances and examine ways to effectively address these problems on behalf of local patients.
We will also look into whether the trust’s leadership could have prevented the recent deterioration in its finances.
The trust has been working with its commissioners and other local partners to make it sustainable in the long term. Monitor believes that this work should continue, but at greater pace.
Monitor will publish the outcome of its investigation in due course and set out what, if any, regulatory action it will take.