Published on: 19 February 2009
Monitor and the Department of Health have jointly published the Transactions Manual, which provides essential information for providers and commissioners on the management and governance of major corporate transactions, including mergers, acquisitions, joint ventures and franchising.
Please note that an addendum to the Transactions Manual has been published in October 2010. This addendum expands on the due diligence chapter 25 of the manual. It should be read in conjunction with the Transactions Manual when carrying out transactions in the NHS. It can be dowloaded above.
The Transactions Manual does not introduce new requirements for NHS foundation trusts for completing transactions. Where an NHS foundation trust is involved in a transaction it should follow the mandatory guidance and best practice advice set out in Monitor’s Compliance Framework, Risk Evaluation for Investment Decisions by NHS Foundation Trusts (REID) and Applying for a Merger involving an NHS Foundation Trust: Guide for Applicants as appropriate. The manual will provide the Board of an NHS foundation trust with an overview of the processes potential counter parties in a transaction will need to undertake. If you have any queries in relation to Monitor’s regulatory requirements for NHS foundation trusts involved in transactions please contact your Relationship Manager.
Download Transactions Manual by section:
Download letter to NHS trusts, NHS foundation trusts and PCTs from the Department of Health and Monitor (PDF)