Core Healthcare to settle dues via sale of assets - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Core Healthcare to settle dues via sale of assets

Jan 13, 2000

Core Healthcare is set to finance the settlement of its dues with 20 creditors through a sale of large chunks of its assets. The Rs 3.2 billion company owes its creditors almost Rs 10 billion. The fact however remains that the company is left with no option but to sell parts of mainstream business which includes its new IV fluids, syringes and indictable units. Ironically, these are the very assets, which increased the companys debt burden substantially.

The moot point is that the company will be severely hampered while competing with units such as Wockhardt which have started to aggressively market their IV fluid range. And the fact remains that once a hospital uses a particular brand of IV fluid it does not change its supplier since the hospital staff gets used to a particular type of supporting equipment.

So while reduction of the debt burden will pare the interest burden, the topline growth itself will be adversely affected one because of the lack of facilities which will be sold off and two because of the loss of market share which the company will find extremely difficult to recover.

Equitymaster requests your view! Post a comment on "Core Healthcare to settle dues via sale of assets". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

Top 3 Nifty ETFs to Buy Now (Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

A Stock with 700% Return Potential Comes with Additional Payoffs (Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story (Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRACK CORE HEALTHCARE

  • Track your investment in CORE HEALTHCARE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MARKET STATS