Paul Flint and David Costley-Wood were appointed Joint Administrators of Ultrasis UK Limited – in Administration (the ‘Company’) on 16 October 2015.
The administration has come to an end. For further information, including the exit route from the administration, please refer to the final progress report.
The Company, together with its ultimate parent company, Ultrasis plc (in administration), operated two distinct business units: an e-Health business, providing online healthcare services for conditions such as depression and anxiety, and the Waterloo Health Clinic, providing health screenings, assessments and vaccinations primarily for the employees of corporate customers.
A sale of the e-Health business and assets to 365 Health and Wellbeing Ltd completed immediately following the appointment on 16 October 2015.
A sale of the Waterloo Health Clinic business and assets to ToHealth Ltd completed on 23 October 2015.
Further details on each of the sales are set out in the SIP 16 memorandum available below.