This was published 10 years ago
The Canberra Eye Hospital is in voluntary administration and its owners, who include pioneering eye surgeons, appear to be in a dispute over the sale of the business with shareholders.
One of the founders, Dr Leo Shanahan, said the company had $2.3 million in the bank 15 months before it went into voluntary administration in about January. Dr Shanahan, a distinguished Australian ophthalmologist who has run practices in Sydney and clinics in Goulburn and Cooma, told an earlier meeting of creditors he could not understand why the company had been placed in voluntary administration.
His comments are in minutes of creditors meetings subsequently filed with the Australian Securities and Investments Commission.
“Mr Shanahan noted that he would be very disappointed if the ultimate owner does not look after the people of Canberra,” the meeting minutes say. “Mr Shanahan noted there was a proposed settlement between…