A country medical service facing liquidation has angered creditors by offering them 30 per cent of what they are owed to escape a half-a-million-dollar debt while pushing ahead with plans for a new clinic.
Key points:
- I-Medical Australia is facing liquidation after racking up almost half a million dollars in debt in three months
- Doctors who worked for the company stand to lose thousands if a restructuring plan proposed by I-Medical is approved
- A Goldfields shire said it was unaware of I-Medical’s financial situation when it accepted its offer to open a third GP clinic
I-Medical Australia operates a chain of medical practices in Western Australia’s Goldfields, but began restructuring in October after running up half a million dollars in deb…
Read the full article at: https://www.abc.net.au/news/2023-12-20/i-medical-australia-offers-creditors-30-cents-in-dollar/103245818