While this Editor is on vacation leave, she also knows that Readers are interested in the outcome of Babylon Health’s administration in the UK. The basic story:
- The UK administrator appointed by the courts is Alvarez & Marsal, an experienced international advisory services firm. We thank A&M for sending us their release.
- They are supervising the sale of assets of Babylon Group Holdings Limited (“BGHL”) and one of its subsidiaries, Babylon Partners Limited (“BPL”) (“the Companies”).
- eMed Healthcare UK Ltd., a new subsidiary of a US company in primarily medical testing, acquired certain assets of BGHL and BPL.
- These assets did not include GP At Hand, which apparently is still operating.
More details, including employees to be transitioned and the fate of GP At Hand, to come. The US Chapter 7 will take its time through the bankruptcy court.
TechCrunch, and hat tip to HIStalk.
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