A capital increase made by the Ministry of Health allowed Centro Hospitalar do Algarve (CHA) to "settle the debt in full" and "remove the spectrum of technical bankruptcy", ending the year "without any debt", announced the CHA administration.
Thus, following the joint order of the Ministers of Finance and Health of last December 19, the Hospital Center of the Algarve is once again benefiting from a capital increase in the amount of 24,6 million euros, which adds to the 69,4, 2008 million from the first capital increase undertaken by the Ministry of Health earlier this year. According to a note from the CHA administration, "at the time", this first capital increase allowed "settlement of the old debt contracted in 2009/XNUMX to the Fund for Supporting the Payment System of the National Health Service (FASP)".
With this new capital increase by the Ministry of Health, the CHA – created in 2011 and integrating the hospital units of Faro, Portimão and Lagos – can now “pay overdue and contracted debts” until 30 September this year by the Public Business Entities of the National Health Service.
In the case of Centro Hospitalar do Algarve, the amount made available allows «settle old debt to suppliers, accumulated until 31 December 2011, since since 1 January 2012 neither Hospital de Faro, neither the Centro Hospitalar do Barlavento Algarvio, nor the meanwhile constituted Centro Hospitalar do Algarve (resulting from the merger of the Algarve hospitals) record any accumulation of arrears», explains the administration, chaired by doctor Pedro Nunes.
To the capital increases of CHA that took place in 2014 "there are also approximately 5 million and 370 thousand euros corresponding to interest forgiveness, in an increase that amounts to a total value of around 99 million and 370 thousand euros", an amount that causes «the Hospital Center came out of the chronic technical bankruptcy that has marked the financial performance of hospital entities in the Algarve, thus managing to start 2015 with zero or even positive equity – a result to be determined at the end of the year, but certainly not negative».
«Alongside the efforts that have been undertaken to reduce operating costs and following a responsible and sustained management of resources, these capital increases by the Ministry of Health consolidate the commitment to reduce in a sustained manner the deadlines for payment to suppliers, simultaneously boosting a greater capacity to negotiate with them, with a view to rationalizing expenditure that allow for a stable financial balance, the only way to ensure the maintenance and development of care provided to the resident and non-resident population that occur to the Algarve's hospital units”, concludes the CHA administration.
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