Mr. Philip McAnenly:

No, there have been no further discussions. The second bid is more serious; Mr. Mulchrone and Mr. Barry had an interest in bringing together a number of new services to the hospital and a number of new consultants were going to bring work to the hospital. In addition, I understand a bid of €14 million was made. Of that €14 million, some €10 million was going to be paid for creditors, including the Revenue Commissioners who were happy with the payments being made to them. The remaining €4 million was to be paid to NAMA. I understand that before Christmas NAMA was prepared to accept closer to that figure but subsequently, in the two to three months later, it decided to reject the bid of €4 million. It would appear that €2 million was the sum required to continue the hospital funding and that was based on 2013 figures when the occupancy level of the hospital fell to 20%. In the weeks prior to the liquidation of the hospital, the occupancy was almost at full. The figures I am presenting of a loss of €1 million based on a €28 million to €30 million turnover are somewhat skewed. It may have been more accurate if we had looked at figures for the final six months or the final quarter of the year which would have shown a more accurate picture of how profitable or viable the hospital could have been, based on closer to full occupancy.