Insolvency Team Assist On Administration Transaction

Turner Parkinson have assisted joint administrators Paul Flint and David Costley-Wood in acquiring Ultrasis out of administration.  The online healthcare services provider fell into administration on 16th October 2015.

Will Jones and Sebastian Lang, from the Insolvency team, led on the transaction.

Will Jones, Partner, commented on the transaction “It was a tremendously complicated deal fraught with logistical difficulties, but credit to all the parties involved as they worked tirelessly together to overcome these difficulties.  We were able to deliver this transaction thus ensuring the survival of this business and the continuity of its healthcare service to a vulnerable sector of society”.

To read more on our Insolvency team and there work, click here.