Nestor Healthcare, the private sector healthcare provider, is looking for a buyer for all or part of its group of social care and primary care businesses. The sale will help pay off over £60 million of debts.
Negotiations with potential buyers, thought to be rivals Assura and Allied Healthcare, are continuing.
It has been suggested that Nestor might find it difficult to secure a buyer as the majority of its business involves the supply of carers to private homes. This is a business model that is well-known for being difficult to manage.
Nestor's recent troubles include the loss of two key contracts for its GP businesses PrimeCare and Cornelle. This was followed by the departure of the chief executive, Stephen Booty, whose severance package cost Nestor £851k.
Nestor has also seen its primary care division struggle and the amount of hours worked by the company's nursing and homecare businesses, Goldsborough and Medico, fall.
The Hertfordshire-based healthcare personnel provider specialises in out-of-hours GP services and care-in-the-community workers for the elderly and disabled.
