NHS procurement funding increased

Public capital management firm Triple Point has increases the amount of funding available to the NHS for procurement during the coronavirus pandemic.

The funding increase will support the procurement and in-field deployment of vital equipment to cope with the ongoing COVID-19 crisis.

So far, the company has financed the sourcing of eight ventilators for the Intensive Trauma Unit at a regional County Hospital.

As part of its broader strategy to relieve funding pressures in the public and private sectors, it has already financed and supplied medical equipment used in 103 NHS Trusts nationwide.

The medical assets already financed by Triple Point are worth more than £118 million and include 2,117 hospital beds, 68 sterilising equipment assets, 807 infusion pumps and one modular hospital building.

Caroline Davis, senior account manager at Triple Point, said: “It’s an honour to be able to step up our support to the NHS at such a critical time. Our finance can hasten procurements forward, reduce cap-ex strain and enable our amazing front-line health professionals to provide the care needed now more than ever.

“We will strive to make sure that our world class health service has the necessary resources to operate to the best of its ability, so it can carry on saving lives.”