12 July 2012 Last updated at 05:36 ET
South London Healthcare NHS Trust is to be put into administration after it ran into financial trouble, the government has announced.
Health Secretary Andrew Lansley has appointed a trust special administrator to go into the trust.
Mr Lansley said: "I have decided it is in the interests of the health service and, in particular, of the patients the trust serves."
The trust was only created in 2009 and is millions of pounds in debt.
