William Eichler 15 February 2018

Outsourcer saves £20m after renegotiating Carillion healthcare deal

The outsourcing company Serco has negotiated a nearly £20m reduction in the price it will pay for Carillion’s NHS healthcare contracts.

On 13 December, the international service company agreed to pay £47.7m for Carillion’s health portfolio.

However, yesterday it announced it would only pay £29.7m after re-evaluating the ‘potential liabilities’.

Carillion, one of the country’s biggest construction and facilities management companies, went into liquidation in January.

In October, the Wolverhampton-based business announced a £1bn loss for the first half of financial year 2017/2018.

Carillion, which has scores of local government contracts, attempted to stay afloat by asking its key stakeholders to reduce debt and for short-term financial support. These proposals were rejected.

It was hoped the nearly £50m deal with Serco would help stave off complete collapse.

SIGN UP
For your free daily news bulletin
Highways jobs

Assistant Director, Children and Families

Hartlepool Borough Council
up to £105,680
Every child deserves the best possible start in life. Hartlepool, Durham
Recuriter: Hartlepool Borough Council

Targeted Youth Adviser

Essex County Council
£29512.00 - £34720.00 per annum + + 26 Days Leave & Local Gov Pension
Targeted Youth AdviserPermanent, Full Time£29,512 to £34,720 Per AnnumLocation
Recuriter: Essex County Council

Team Administrator

Gloucestershire County Council
£25,185 - £25 989 per annum (pro rata)
Are you looking to join a friendly and supportive administration team at Gloucestershire County Council? Gloucestershire
Recuriter: Gloucestershire County Council

Team Administrator

Gloucestershire County Council
£25,185 - £25 989 per annum (pro rata)
Are you looking to join a friendly and supportive administration team at Gloucestershire County Council? Gloucestershire
Recuriter: Gloucestershire County Council

Café Assistant - Belhus Woods Country Park

Essex County Council
Up to £25959.0000 per annum
Café Assistant - Belhus Woods Country ParkPermanent, Part TimeUp to £25,959 per annum (full time equivalent)Location
Recuriter: Essex County Council
Linkedin Banner