It’s business as usual, vows healthcare firm in cash crisis

A NATIONAL company responsible for an Ormskirk care service says it will continue to “trade safely” despite significant financial problems.

The owners of Allied Healthcare have filed for a company voluntary arrangement (CVA) – a measure which could allow it more time to pay its creditors. The move is designed to east the financial pressures on the company as it battles what it described as a “highly challenging environment”.

Despite this, the company says that it is not planning to close any of its branches across the UK or carry out any redunancies.

From its Ormskirk centre in Swan Alley, Allied offers care for the elderly and support to people who are suffering from dementia, drug dependence, learning disabilities, mental health condition, physical disabilities and sensory impairment.

Allied, which is owned by a private equity firm, employs 8,700 people and cares for 13,500 elderly and vulnerable patients around the UK.

In a statement announcing plans to pursue a CVA, Allied said: “As with many independent providers in the UK health and social care sector, Allied Healthcare has been operating in a highly challenging environment for a sustained period of time, which has placed pressure on the company.

“As a result of these challenges, Allied Healthcare has taken the decision to pursue a CVA as part of a prospective business plan that will ensure safe continuity of care across our UK-wide operations, place the company on a sustainable long-term footing, and maximise repayments to creditors.

“The proposed CVA will not impact on the safe continuity of care that Allied Healthcare provides across the UK.

“Under the CVA plan, there would be no redundancies or branch closures as a result of its implementation.

“Allied Healthcare will continue to trade safely and it remains business as usual for Allied Healthcare employees and customers.”