NRS Healthcare Enters Liquidation as Osborne Clarke Advises

International legal practice Osborne Clarke has provided crucial legal advice for the compulsory liquidation of NRS Healthcare, a major national supplier of healthcare equipment in the UK. Despite entering liquidation, NRS Healthcare continues its operation, thanks to the involvement of special managers from PwC. NRS is a significant player in the healthcare equipment industry, supplying items such as wheelchairs and specialist beds to various local authorities in England. Its workforce comprises approximately 1,400 employees. Osborne Clarke facilitated negotiations with key suppliers prior to advising the company on an expedited court application to enter compulsory liquidation. This move was considered necessary to ensure a seamless transition of business and assets to new suppliers, in the interest of public service continuity. The Osborne Clarke team, led by Will Gunston, collaborated with NRS's senior leadership and other stakeholders in this rare application of an insolvency procedure that allows a company to continue trading. This approach has historically been taken in cases such as Carillion and Thomas Cook.