Hospital creditors seek advice from businessman

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.

James Carroll, who runs Dublin-based Investor First, an investment advisory service, has been approached by a number of creditors left in the lurch following the closure last month of the €90 million Cork Medical Centre (CMC), set up by Sheehan Medical Ltd and run by CMC Medical Operations Ltd.

On March 28, Medical Operations chief executive James Sheehan wrote to employees to tell them the company was insolvent. Mr Sheehan is also a director of Sheehan Medical Ltd.