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Foundation status hospital.
Foundation status is the halfway house to total privatisation.
The trust's managers allowed themselves to be distracted by their pursuit of foundation status, Kirkup says.
In 2004 the trust achieved foundation status, which allows greater freedom to manage finances.
Trust managers allowed themselves to be distracted by their pursuit of foundation status, Kirkup said.
Governors have said that, under foundation status, they could not sell land without ministerial approval.
11.45am GMT Monitor's duty was to ensure trusts were fit for foundation status.
The health secretary, Andrew Lansley, plans to give every hospital foundation status.
Partly this was due to the trust seeking foundation status, Francis says.
But the trust was too focused on its finances and trying to achieve foundation status instead of caring for patients.
The more entrepreneurial heads – 780 at the last count – opted for foundation status, distancing themselves from the local authority.
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