Tue, 24 Jun 2025 | ADMINISTRATION
Liquidators appointed to a collapsed medical technology (medtech) firm based in Oxford are seeking buyers for the company’s assets, including intellectual property. Isansys Lifecare Limited was known for its patient monitoring systems.
Founded in 2010, Isansys Lifecare developed and marketed advanced wireless wearable sensors and data analytics platforms that were designed to enable continuous monitoring of patients, both in hospitals and at home, with the ultimate aim of improving patient outcomes.
The company saw significant early success, achieving positive results in clinical trials and securing government grants, and in 2020 achieved sales of more than £1 million.
However, the company was subsequently impacted by the COVID-19 pandemic, which had a significant effect on the pace of adoption of its products and platforms in the UK, Europe and the US.
Following persistent financial challenges, including the high fixed costs faced by many regulated medical device companies, the firm exhausted its investor and director funding and ultimately entered creditors’ voluntary liquidation.
The sale of the company’s assets, including high-value intellectual property, research and development (R&D) assets and a recently signed licensing agreement, is now being handled by Nick Harris and Lucinda Coleman from the restructuring team at PKF Francis Clark.
Nick Harris commented: "Isansys Lifecare had an excellent reputation in the medtech sector. We are seeing significant interest in the company's intellectual property assets from a range of parties.”
"Sadly, it was not possible to rescue the company as a going concern, and there was no alternative to liquidation. Our focus now is on realising the assets of the company in order to deliver a return to creditors."
In accounts for the year ending December 31 2023, the company’s fixed assets were valued at slightly over £2 million and current assets at approximately £400,000. However, its net liabilities at the time stood at nearly £11.2 million.
The liquidators are being assisted in the asset realisation process by specialist agents Simon Bamford and Benoit Geurts of Gordon Brothers and legal adviser Andrew Knox of Stephens Scown.
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