Advisory firm sues Sheehan Medical for more than €500,000

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.

In the High Court on Monday, solicitors acting for Investor First, an investment advisory firm based in Dublin, obtained a judgment against Sheehan Medical Limited for €526,350. Investor First, run by businessman James Carroll, claimed the money was owed for services provided in sourcing the building that housed the €90m Cork Medical Centre, which closed last month.

Mediation in the case had taken place on February 7 following which Sheehan Medical Ltd agreed to pay Investor First three instalments totalling €525,350, the first of which was due on March 31.