Mitie sells healthcare business for just £2

Medical Devices Directory Forums Business Partnering Mitie sells healthcare business for just £2

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    Mitie has sold its troubled healthcare arm for just £2 – having bought it for £111m five years ago.

    Such is the poor performance of the arm that Mitie has written off £36.8m in costs as part of the sale to specialist healthcare investor Apposite Capital, adding to a £115.3m writedown it had previously announced.
    Mitie will also pay Apposite £9.45m to fund the arm’s trading losses.

    Story by Rhiannon Bury / The Telegraph

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