Administration of acute hospital at home provider

Quantuma appointed as Administrators to healthcare company providing a service in partnership with University Hospitals Bristol NHS Foundation Trust.

Overview:

  • Bristol based company operating as virtual ward caring for patients requiring admission to a virtual bed
  • High quality care service provided 24/7, 365 days by experienced team of consultants, middle grade doctors, qualified nursing staff and healthcare assistants
  • The company ran into cash flow difficulties so approached a competitor to acquire the shares
  • Sale fell through and directors concluded patients should be relocated and company should cease trading.

Outcomes:

  • Quantuma appointed as administrators by the directors
  • Patients successfully relocated and all staff made redundant
  • Company wound down in an orderly manner
  • Dividend paid to preferential creditors (employees).

For more information on Adminstration, click here.