6 Aug 2008

Capital's health board $40m in debt

2:53 pm on 6 August 2008

Capital & Coast District Health Board ended the last financial year in June $40 million in debt - $29 million worse than initial budget forecasts.

New chief executive Ken Whelan says it is the worst financially performing board in New Zealand, but he will turn that around - though it will take at least three years.

Mr Whelan told a board meeting on Wednesday that the next year will pose huge challenges, including a move into a new regional hospital in Wellington.

He said the board is going through its expenses line by line to find better ways of doing things.