Nestor Healthcare’s new chief executive, Stephen Booty, is set to write-off £60m for the group’s interim figures this week.

Heathcall, the company’s GP out-of-hours service could contribute nearly £50m to the total.

The further £10m is set to be taken up by restructuring charges and redundancies.

In the past five years, Nestor’s share price has been slashed from 600p to 96p.

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.

Potential buyers include Barchester Healthcare, Bupa and the private-equity group Blackstone.