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Friday, 9 September 2011

Healthcare Locums rescue funding deal collapses?

Seems that sacked former executive Kate Bleasdale has voted against rescue funding of Healthcare Locums plc. Toscafund has offered to inject £33m to dilute the shareholders and take 40% of the equity.

Other investors have put proposals forward. Meanwhile the accounting irregularities have yet to be resolved. Allegations are that invoices were issued that pre dated the contract start point.

One can't help wondering what this public airing of dirty washing, the very public sacking of Bleasdale and the long term suspension from AIM is doing to the sales line?

Would you do business with this company if you were a buyer for the NHS?

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