Companies

‘No gas in the tank’ - Interim examiner appointed to embattled firm HealthBeacon

Kelley Smith, SC for the company, said it had been hoped that the company was turning a corner and that better results would be produced this year but that did not materialise

Joyce announced late last month that he was stepping down as chief executive at the troubled digital therapeutics company. Picture: Fergal Phillips

An interim examiner has been appointed to HealthBeacon, a Dublin-based medtech firm, after the High Court heard that it had sustained significant losses in recent years and had “no more gas in the tank”.

Shane McCarthy of KPMG was appointed by Mr Justice Rory Mulcahy after counsel for the company told the High Court that the company had run out of cash.

The High Court heard that HealthBeacon anticipated an after-tax loss of more than ...