Canterbury DHB faces mounting deficits if nothing changes, PwC report shows

Canterbury DHB faces mounting deficits if nothing changes, PwC report shows
Paul McBeth
By Rebecca Howard Dec. 22 (BusinessDesk) – A stage two financial review into the Canterbury district health board on New Zealand’s South Island points to future financial challenges if no changes are made. The review, by PricewaterhouseCoopers, looked closely at the impact of close to $1 billion of new hospital facilities on Canterbury DHB’s future financial performance. It found that depreciation and capital charges for new facilities are significant drivers behind growing deficits. The aftermath of a series of major earthquakes in th...