July 13th, 2009
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Controversial healthcare company HospInvest opts for liquidation

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HospInvest will return the operation of the five hospitals it runs to the relevant local governments and will go into liquidation, shareholders decided at the EGM on Friday.

Chairman Gábor Kollányi said HospInvest rejected bankruptcy protection, because in the present situation in the health care sector it is obvious that they cannot finance operations from revenues.

HospInvest owes Ft 2.7 billion, but is claiming Ft 3.3 billion from the Health Fund, Kollányi said.

Meanwhile, hospitals and clinics owned by local governments founded the Hungarian Hospitals and Clinics Association on Friday, Local Governments Association chairman György Gémesi announced. The head of the new association is Dezsõ Pusztai, a doctor of the Cegléd Hospital.

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  1. Anonymous says:
    July 16, 2009 at 8:08 pm

    In other words, a typical Hungarian SNAFU: Situation Normal, All Fricked Up.