Nestor close to £60m write-off
28 August 2012
Healthcare group reduces debts
Nestor Healthcare’s new chief executive Stephen Booty is set to write-off £60m for the group’s interim figures this week.
Healthcall, the company’s GP out-of-hours service, could make up nearly £50m of the total. The rest is set to be taken up by restructuring charges and redundancies.
Despite these setbacks, Booty is expected to show that debts have been reduced and the company still has strong cashflow.
Nestor’s troubles are just one of several shake-outs in the health sector. Bidders are set to submit indicative offers for Westminster Healthcare, a privately owned nursing home group.
