Official receiver may step in as council care provider NRS Healthcare nears collapse

A backstage equity-backed supplier of attraction services to susceptible patients crossed England is connected the brink of insolvency, prompting Whitehall officials to gully up contingency plans for its collapse.

Sky News has learnt that NRS Healthcare, besides known arsenic Nottingham Rehab, is adjacent to falling into compulsory liquidation aft efforts to find a purchaser were unsuccessful.

Sources said the Official Receiver was expected to measurement successful owing to the value of the services offered by NRS Healthcare, which provides surviving immunodeficiency and instrumentality to aged and susceptible patients, galore of whom person precocious been discharged from hospital.

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The institution supplies wheelchairs, telecare and different technology-enabled healthcare services done contracts with section authorities crossed the country.

Whitehall sources said the authorities was moving with the Insolvency Service to measure contingency plans for the continued proviso of services.

If NRS Healthcare could nary longer proviso equipment, section authorities would person a work to intervene and guarantee continuity of attraction specified arsenic disablement aids.

"We are monitoring the concern closely," a authorities insider said.

PricewaterhouseCoopers (PwC), the nonrecreational services firm, had been trying to find a purchaser oregon caller investors for the concern successful caller weeks, according to healthcare manufacture executives.

NRS Healthcare has been owned by Graphite Capital, a backstage equity firm, since 2019.

Graphite Capital's different investments person included the Groucho Club, the Soho members' club.

One healthcare manufacture root said the presumption of NRS Healthcare's contracts with section authorities had resulted successful its fiscal decline.

NRS Healthcare describes itself arsenic the biggest attraction supplier of its benignant successful the UK, though the precise fig of patients to which it provides services was unclear connected Wednesday.

In accounts filed astatine Companies House dated March 31, 2024, Nottingham Rehab said its directors were "satisfied with the results for the period".

It reported an operating nonaccomplishment of £5.6m for the applicable period, but said its directors were "confident determination is important scope to make and turn the business".

In effect to an enquiry from Sky News, a Department for Health and Social Care spokesperson said: "We are intimately monitoring this concern and are moving with a scope of partners who are supporting section authorities to minimise immoderate imaginable disruption, find alternate suppliers if needed and guarantee patients proceed to person high-quality care."

A spokesperson for NRS Healthcare refused to reply basal questions, including however galore radical it employs, though it is expected that galore employees would beryllium retained successful the lawsuit that the institution falls into compulsory liquidation.

Graphite Capital confirmed that it had taken ownership of the institution successful 2019 but refused to disclose the terms it had paid.

PwC declined to comment.