Serco acquires a number of Carillion healthcare contracts at near half price

By Catherine Sturman
Following on from its financial collapse, Carillion has sought to sell a number of its healthcare contracts in order to counteract up to a £900mn debt...

Following on from its financial collapse, Carillion has sought to sell a number of its healthcare contracts in order to counteract up to a £900mn debt pile.

Public services giant Serco has now stated it will now acquire a large number of the company’s healthcare contracts for near on half what was previously agreed.

From £47.7mn to £29.7mn, the revised Business Purchase Agreement is a consequence of Carillion’s collapse into liquidation, where its contracts are no longer lucrative. With no working capital, the contracts will undoubtedly come with a number of caveats and put off other prospective buyers.

See also

Nonetheless, its future potential to further strengthen Serco’s healthcare business capabilities will remain unaffected through the acquisition.

Generating over £300 in revenue per annum, the contracts will enable the company to gain several new contracts covering a number of organisations and services, boosting its overall competitiveness in the market

Since Carillion’s collapse, close to a thousand jobs have been affected, The Independent has reported.

Employing over 50,000 people, Serco continues to operate internationally, where it places a global focus within five key sectors: Defence, Justice & Immigration, Transport, Health and Citizen Services. 

Share

Featured Articles

Johnson & Johnson: Turning supplier spend into local support

Johnson & Johnson’s Global Supplier Diversity & Inclusion team is growing spending with social enterprises around the globe to expand its impact

Seasonal Affective Disorder’s impact on health & solutions

Dr Ravi Gill & Dr. Naomi Newman-Beinart discuss Seasonal Affective Disorder and its treatments, from vitamin D spray to light therapy

CGI teams up with Totalmobile for digital healthcare service

CGI is driving efficiency in healthcare. Hear from Helena Jochberger, at Manufacturing Digital LIVE, a free virtual event on Wednesday 6th December 2023

Deloitte: generative AI can improve access to healthcare

Technology & AI

Wipro & NVIDIA’s revolutionary healthcare uses generative AI

AI & ML

Healthtech platform CoverSelf extends seed round to US$8.2m

Technology & AI