Hospital creditors set to lose €4m

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.

This was confirmed yesterday by Kieran Wallace, liquidator for Cork Medical Centre (CMC) Operations Ltd, and partner with KPMG.

Mr Wallace said he had been in contact with creditors, adding “it’s unlikely there will be any money for unsecured creditors”.