JOINT receivers have been appointed to a private health clinic in Waterford city.
Anglo Irish Bank appointed the receivers to Whitfield clinic because it is owed over €85m.
The clinic has 40 inpatient beds and employs 160 people.
In a statement, the owners of the hospital, Euro Care Healthcare, said it is not a traditional company receivership and will have no impact on the hospital's day-to-day activities.
The statement said the receivers' sole purpose is to "secure the future of the Whitfield Clinic and therefore protect employment".
Philomena Shovlin, the former chief executive of St Vincent's private hospital in Dublin, has been appointed interim chief executive.
The UPMC Whitfield Cancer Centre, which is on the same campus as the Whitfield Clinic, said it was not affected by the appointment.