Hospital group needs €3m a week to break even

The 10 hospitals in the south/south west hospital group will have to collectively generate €3 million every week this year in order to break even by the end of 2015.

This is against a backdrop of the group starting out with a budget worth €10 million less than what its hospitals spent last year.

The net budget for 2015 is €685 million, but the hospitals ended up spending approximately €695 million in 2014.