Interserve, one of the NHS’s biggest subcontractors, is seeking an emergency rescue deal amid ongoing financial struggles.
One of the NHS’s largest subcontractors is rumored to be seeking a rescue deal as it struggles with mounting debt and a 30-year low in its share price.
Interserve employs over 75,000 people and provides essential construction and facilities management support for numerous NHS organisations and direct patient care to over 1,400 individuals.
If the organisation was to collapse thousands of patients could be left without essential services. According to the Interserve Healthcare site, the organisation offers; palliative care, hospital at home, respite care and numerous other services to NHS patients.
‘Looking at all the options’.
The news comes only months after another private subcontractor, Carillion, went into administration leaving NHS organisations without key services.
A spokesperson for the contractor said: “As previously announced, Interserve is working with its advisers to look at all options to deliver the optimum capital structure for the business to support its long-term, sustainable development.
“This includes options to bring new capital into the business and progressing the disposal of non-core businesses.
The fundamentals of the business are strong and the Board is focused on ensuring Interserve has the right financial structure to support its future success.”