International legal practice Osborne Clarke has advised on the compulsory liquidation of a major national supplier of healthcare equipment.
Special managers, from PwC, have also been appointed to enable the company to continue to trade, notwithstanding the liquidation.
NRS Healthcare is the largest supplier of equipment such as wheelchairs, hoists, specialist beds and pendants that monitor patient falls, to around 40 English local authorities which support patients discharged from hospitals, and also those in need of medical and social care support at home.
Based in Leicestershire, NRS Healthcare employed around 1,400 people.
Osborne Clarke assisted NRS in negotiations with key suppliers and once these had been exhausted, it advised on…