"I expect DHBs to improve their financial positions and to demonstrate they have a pathway to maintain financial sustainability," says Dr Clark.
"Canterbury has the largest deficit of any DHB in the country, forecasting to end the 2018/19 financial year with a deficit of $103.4 million and increase in future years. That's not sustainable, and it's why I haven't approved this year's annual plan.
Dr Lester Levy has been appointed as Crown Monitor, starting immediately.
"I've asked Dr Levy to bring his considerable experience to the Board table, to strengthen performance and planning, and maintain direct communication with Government," Dr Clark said.
Dr Levy was previously Chair of Waitemata, Auckland, and Counties Manukau DHBs. A Crown Monitor has already been put in place at Waikato and Counties Manukau DHBs.
The Wellbeing Budget provided $80.5 million more per year in operating funding for Canterbury DHB. Canterbury is also one of four DHBs that will be part of the next phase of the national bowel cancer screening programme.
(With Inputs from New Zealand Government Press Release)