page_title: Imperial College Healthcare NHS Trust
section_title: Finances
hierarchical_section_title: Imperial College Healthcare NHS Trust / Organisation / Finances
caption_attribution_description: English: The front of Western Eye Hospital in London.
context_page_description: Imperial College Healthcare NHS Trust is an NHS trust based in London, England. It is one of the largest NHS trusts in England and together with Imperial College London forms an academic health science centre.
  The trust was formed in October 2007 by the merger of Hammersmith Hospitals NHS Trust and St Mary's NHS Trust and their integration with Imperial College Faculty of Medicine. It currently manages five hospitals: Charing Cross Hospital; Hammersmith Hospital; Queen Charlotte's and Chelsea Hospital; St Mary's Hospital and Western Eye Hospital. In 2017/18 Imperial College Healthcare had a turnover of £1.2 billion, employed approximately 11,800 people and treated about 1.125 million patients.
context_section_description: In 2012/13 it achieved a year end adjusted surplus of £9.0 million with a total income of £971.30 million, of which £752.725 million was from patient care activities and £218.549 million was from other operating revenue. In the same year it had operating expenses of £939.70 million, capital expenditure of £25.0 million.
  As at 31 March 2013 it had total assets of £855.737 million, total assets less current liabilities of £687.395 million and total assets employed of £664.033 million.
  It ended 2015/6 in deficit of £47.9 million.  This was partly as a result of changes to the NHS tariff.  It reported that vacancies had reached 1/6 of the nursing workforce in July 2015.
  In 2017/8 it predicted a deficit of £25.1 million and did not predict a full-year surplus until 2021–22.  The total backlog maintenance bill had risen to £1.3 billion, the largest in the English NHS, and the trust had requested £131 million from NHS Improvement "to mitigate high and significant risk items".
caption: The Western Eye Hospital
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