AN investment advisory firm involved in a €90 million private hospital development in Cork city has petitioned the High Court to wind up the hospital’s backers, Sheehan Medical Ltd.

MORE than 100 unsecured creditors of a former private hospital who between them are owed more than €4 million are unlikely to receive any money following liquidation of the company.

MATER Private Healthcare has confirmed its interest in the takeover of a €90 million Cork hospital that closed just five months after it opened.

STAFF and creditors of a failed €90 million private hospital in Cork expressed disappointment and anger over its closure that has left them “high and dry”.

A LIQUIDATOR is due to be appointed today at a meeting of creditors of a €90 million private hospital that closed in March, just five months after it opened.

CREDITORS of a €90 million private hospital owed money since its closure five months ago have been advised that a liquidator will be appointed shortly.

CREDITORS owed money on foot of the closure of a private hospital in Cork are seeking advice from a Dublin businessman whose company secured a €526,000 judgement against the developers in the High Court.

AN investment advisory firm involved in a €90 million private hospital development in Cork city backed by Sheehan Medical Limited has successfully sued them for more than €500,000.