Private hospital expects revenues to rise but talks with bank ongoing

PRIVATE hospital group Mount Carmel expects revenues to have increased 5% to €67 million for last year but the company remains locked in discussions with AIB regarding its future.

It is confident there will be a satisfactory outcome from these discussions.

The company wrote down their assets by almost €40m in 2008 following an impairment review, which it was required to perform. This referred to the hospital building in Dublin. As a result, in the year the company recorded pre-tax loss of €48.5m, up from losses of €8.5m the previous year.