BusinessBusiness RecoveryBeever and Struthers sells medical software company

Beever and Struthers sells medical software company

Staff retained following sale of insolvent software firm by administrators from Beever and Struthers

A software company specialising in x-ray has been sold off after being placed
into administration.

Charles MacMillan, partner at accountants Beever and Struthers, was appointed
administrator to Optasia Medical which has now been sold to venture capital firm
Saffron Hill Ventures for an undisclosed sum.

All 15 staff, based in Cheadle, Manchester and Boston USA, will be retained
by the new owners.

Charles MacMillan said Optasia encountered financial problems when it tried
to establish the product in the USA.”

“We were delighted to sell Optasia as a going concern and to preserve the
jobs of its very specialist staff,” he said.

Further reading:

Corporate
insolvency market faces fair trade probe

US
insolvency actions could have UK reach

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