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10/10/2012
Major Dublin Hospital Takes €12m Overdraft
Tallaght Hospital has had to get a bank overdraft of €12m in order to continue treating patients for the rest of the year.
The major Dublin hospital is getting the money from Allied Irish Banks to carry on after over-spending by more than €10m so far this year.
The 625-bed hospital will not receive any bailout from the Health Service Executive (HSE).
The HSE does allow for hospitals with cash shortages to get bank funds to tide them over the last quarter of the year.
A spokeswoman for the hospital said it is coping with a 5% rise in patient numbers and a 9% cut in its budget for 2012.
She revealed that they had a €12m overdraft facility in 2011 but only used €4m which was paid off last January.
(H/GK)
The major Dublin hospital is getting the money from Allied Irish Banks to carry on after over-spending by more than €10m so far this year.
The 625-bed hospital will not receive any bailout from the Health Service Executive (HSE).
The HSE does allow for hospitals with cash shortages to get bank funds to tide them over the last quarter of the year.
A spokeswoman for the hospital said it is coping with a 5% rise in patient numbers and a 9% cut in its budget for 2012.
She revealed that they had a €12m overdraft facility in 2011 but only used €4m which was paid off last January.
(H/GK)
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