Companies
Embattled HealthBeacon drew down €300,000 in emergency loans just days into examinership
Hamilton Beach Brands (HBB), a US appliance company, agreed to fund the operation of the company during the examinership to the tune of €1.85 million
HealthBeacon, the embattled medtech firm, drew down €300,000 in emergency loans within days of an interim examiner being appointed to the company, filings show.
Shane McCarthy of KPMG was appointed interim examiner at the end of October after the High Court heard that the company anticipated an after-tax loss of more than €13 million this year. The court also heard it only had around €500,000 left in the bank.
The firm’s losses were the result ...
