Health sector
Report diagnoses variety of reasons for HealthBeacon’s financial difficulties
Increased headcount and building infrastructure and a failed venture in the US cited as problems for Dublin-based medtech firm
An unsuccessful attempt to launch a new business line in the US market contributed to the financial difficulties experienced by HealthBeacon, according to an independent report seen by the Business Post.
An interim examiner was appointed to the Dublin-based medtech firm last week after Mr Justice Rory Mulcahy heard it had “no more gas in the tank”.
Shane McCarthy of KPMG was appointed examiner after the High Court heard that the company anticipated an after-tax ...