US EditionMajor healthcare equipment firm on brink of failure
ENGLAND, UNITED KINGDOM, JUL 31 – NRS Healthcare faces collapse due to financial losses and a cyber attack, risking disruption to 40% of community healthcare equipment supply in England, officials said.
- NRS Healthcare, a leading provider of mobility and disability support equipment serving regions across England and Northern Ireland, faces imminent financial collapse as of mid-2024.
- The company's financial difficulties stem from ongoing losses, contract challenges, and a costly cyber attack last year, with recent efforts to find a buyer failing.
- NRS Healthcare serves about 40 councils, supplying urgent equipment for patients discharged from hospitals, and has begun transferring services to other providers to safeguard care.
- A government representative confirmed that they are actively observing the developments and collaborating with various organizations to assist local councils and reduce any potential disturbances.
- Councils warn failure risks leaving patients stranded and urge urgent Department of Health action, while contingency plans are underway to maintain essential services.
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Official receiver may step in as council care provider NRS Healthcare nears collapse
Whitehall officials are drawing up contingency plans for the collapse of a key provider of living aids which has been owned by private equity firm Graphite Capital since 2019, Sky News learns.
Healthcare equipment supplier on brink of collapse - Jersey Evening Post
A major supplier of mobility equipment and disability aids to vulnerable patients is understood to be on the brink of collapse. NRS Healthcare works with the NHS and local councils across England and Northern Ireland, providing services to help elderly and disabled people live independently in their own homes. A spokesperson said the business has already started transferring services to other providers, with the BBC reporting the company could r…
Major healthcare equipment firm on brink of failure | Tech, Entertainment, Sport, Fashion, Travel News
A major supplier of healthcare equipment to people who are being discharged from hospital or need support in their own homes, is on the brink of going bust. NRS Healthcare, which works with the NHS and about 40 councils in England and Northern Ireland, is expected to run out of cash by the end of the week, the BBC understands. The government said it was working with local authorities to minimise “any potential disruption” and find alternative su…
Official receiver may step in as council care provider NRS Healthcare
A private equity-backed provider of care services to vulnerable patients across England is on the brink of insolvency, prompting Whitehall officials to draw up contingency plans for its collapse. Sky News has learnt that NRS Healthcare, also known as Nottingham Rehab, is close to falling into compulsory liquidation after efforts to find a buyer were unsuccessful. Sources said the Official Receiver was expected to step in owing to the importance …
Official Receiver May Step In As Council Care Provider NRS Healthcare Nears Collapse - Great Yorkshire Radio
Sky News has learnt that NRS Healthcare, also known as Nottingham Rehab, is close to falling into compulsory liquidation after efforts to find a buyer were unsuccessful. Sources said the Official Receiver was expected to step in owing to the importance of the services offered by NRS Healthcare, which provides living aids and equipment to elderly and vulnerable patients, many of whom have recently been discharged from hospital. Money latest: Lott…
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