King’s College Hospital NHS Foundation Trust and KFM strengthen long‑term partnership with new 10‑year contract.

King’s College Hospital NHS Foundation Trust (the Trust) and KFM have formally signed a 10‑year contract extension, securing their partnership through to 31 December 2036.

Signing the 10-year contract extension: Roy Clarke, Chief Financial Officer at King’s College Hospital NHS Foundation Trust and KFM Board Member, with Preeya Bailie, Managing Director of KFM.

The agreement reflects the strength of the relationship between the two organisations and reinforces KFM’s role as a long‑term strategic partner, demonstrating the Trust’s continued confidence in KFM’s ability to deliver high‑quality healthcare support services. 

KFM, a wholly owned subsidiary of the Trust, supports frontline care through its procurement, supply chain, technical services, pharmacy provision and digital capabilities. By ensuring the reliable delivery of critical goods and services, KFM enables clinicians to focus on patient care while driving efficiency, innovation and value for the NHS.  

Preeya Bailie, Managing Director of KFM, said: “This is a really important and exciting milestone for KFM and reflects the strength of our partnership with King’s. It gives us the stability and confidence to continue investing in our people, our services and new ways of working, ensuring we can deliver even greater value for patients and the Trust in the years ahead.” 

This contract provides stability and continuity, creating a strong platform for future development. It will support continued investment in digital transformation, service expansion and operational improvements, helping to improve patient flow and clinical outcomes across the Trust. 

Roy Clarke, Chief Financial Officer at the Trust and KFM Board Member said: “KFM plays a critical role in supporting the delivery of safe, high‑quality care across our hospitals. This 10-year contract recognises KFM as the Trust’s strategic commercial partner, and the quality and consistency of their work, providing a strong foundation for continued collaboration and innovation.”

Looking ahead, the 10‑year horizon aligns with both organisations’ long‑term strategies, enabling continued focus on financial sustainability, research and innovation ambitions, digital and automation, sustainability, increased productivity, and sustainable growth that supports the NHS. 

Together, King’s and KFM will continue to build a strong, sustainable model that supports the delivery of outstanding patient care.