National Health Co-Op Put Into Voluntary Administration
By Tom Kersten
The National Health Co-Op (NHC), which has eight locations across Canberra, including in Kambri, has gone into voluntary administration.
In an email sent to NHC members, former Chief Executive Officer Phil McCorkell said “it is with regret that I write to inform you that the board has decided to place the NHC into voluntary administration”.
However, McCorkell stressed that “all services will continue as normal pending the administration process”. Appointments can still be made through the NHC website and phone numbers.
Canberra based accounting firm Slaven Torline has been appointed as the administrator. In a public statement, the firm said “our role is to assume control of the NHC and work towards the best outcome for creditors, staff, members and other stakeholders”.
Further, Slaven Torline highlighted that while the former NHC board and management’s focus on the financial health of the organisation was “successful in some areas”, changes to staffing and the discontinuation of JobKeeper has resulted in a projected deficit for the 2021-22 financial year “that appears to be insurmountable”.
The statement acknowledged that “it is important to understand that the organisation has gone into administration while solvent”, meaning they will be able to continue to pay off liabilities.
The firm also acknowledged that this would be “difficult news” for students and staff of ANU but sought to assure them “that every effort is being made to ensure ongoing continuity of the service”.
More to come.
Want to get involved? You can write articles, photograph, livestream or do web support. We’re also looking for someone to yell “extra!” outside Davey Lodge at 1AM. Apply today!