Examiner appointed to medical software companies
Published 30/08/2011 | 05:00
AN examiner has been appointed to a group of companies that provide software for almost 10 million patients in both Ireland and the UK, the High Court confirmed yesterday.
The firms, whose insolvency arises out of their UK parent's financial difficulties, claim if they had to cease trading the results would be catastrophic for patients and administrators at the hospitals they supply.
Yesterday at the High Court Mr Justice Gerard Hogan confirmed Eamonn Richardson of KPMG as examiner to three related firms: Irish Medical Systems Holdings Ltd, Irish Medical Systems Computers Limited, both of Clara House, Glenageary Park, Glenageary, Dublin, and UK-registered Integrated Medical Solutions Ltd.
The judge said he was satisfied to confirm Mr Richardson after an independent accountant's report revealed the firms had a reasonable prospect of survival.
The firms now have court protection from their creditors for a period of up to 100 days. After that the examiner will submit to the High Court a scheme of arrangement with the creditors which, if approved, will allow the firms to continue to trade as going concerns.