Oireachtas Joint and Select Committees

Thursday, 16 January 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 39 - Health Service Executive
Annual Report and Financial Statements 2012
Section 38 - Agencies Remuneration

11:10 am

Mr. Brian Conlan:

We made a decision because of the timescale involved. The company was losing between €8,000 and €10,000 per month and if we extended the term, the company would have ended up being wound up rather than sold on. We put the word out into the market. Everyone who was anyone in the business was aware of it.