Restructuring and insolvency specialists Quantuma have been called in to deal with the administration of ORLA Healthcare Ltd.
ORLA provided an acute hospital at home service in partnership with University Hospitals Bristol NHS Foundation Trust.
Quantuma partner Graham Randall and director Simon Campbell were appointed joint administrators of the company on 4 May 2017 following the last minute collapse in negotiations with a buyer.
The service operated as a “virtual ward” caring for patients deemed to need admission to an acute bed.
The high quality care service was provided by an experienced team of consultants, middle grade doctors, qualified nursing staff and healthcare assistants 24/7, 365 days a year.
The team used state-of-the-art technology offering the same level of care available in hospital and was also supported by pharmacists, physiotherapists and occupational therapists.
Graham Randall said “Patient feedback showed 100% satisfaction with the service.
“Enabling patients to be treated at home rather than cared for in hospital improves their outcomes, releases hospital beds and reduces the risks of cross infection.
“The business works as an operating model and given time I am sure this will have translated into a successful financial performance.
“However, as a result of a last minute breakdown in negotiations with a buyer, the company was running out of cash so it had no alternative other than to wind down the business quickly and relocate patients.”
The company’s 59 employees have been made redundant and Quantuma is assisting them with making their claims and taking all steps necessary to maximise recoveries for creditors.
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Notes to Editors
Quantuma LLP is a leading restructuring and insolvency practice delivering partner-led solutions to businesses and individuals facing financial distress with offices in London, Southampton, Marlow, Watford, Brighton, Bristol and Manchester.