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Broke AAR unit put under liquidation

Broke AAR unit put under liquidation
Tuesday May 11 2021
An AAR clinic at Sarit Centre in Kenya s capital Nairobi. AAR Healthcare Ltd is set to exit Tanzania. PHOTO | FILE
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Financially-starved AAR Healthcare Tanzania Ltd has been put under liquidation effective April 22, 2021, ending a decade long presence in the country.
In a statement, joint liquidators, Nelson Emmanuel Msuya and David Timothy Tarimo of PricewaterhouseCoopers, notified the public and creditors that they have taken over the company’s assets and are receiving claims under the ensuing circumstances.
“To enable any claim you may have against the company to be duly adjudicated and considered in the distribution of any realisations from the sale of the assets of the company, please send to the liquidators particulars of any claims,” the joint liquidators said in the notice seen by ....

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AAR Healthcare to shut Tanzania business due to financial difficulties

THE STANDARD
By
Wainaina Wambu |
April 6th 2021 at 13:26:16 GMT +0300
AAR Healthcare Ltd has began the winding-up process of its Tanzania business citing financial difficulties.
This comes just after the Kenya business recorded a 55 per cent drop in performance for the year ended December 2020, attributed to high claims due to Covid-19.
In a memo to staff, AAR Healthcare Tanzania Ltd Acting CEO Andrew Rowell said the firm has been facing financial difficulties “for some time” now worsened by the failure of the NHIF model in Tanzania, the pandemic and a decline in traffic to their clinics.
“The Company’s parent, AAR Healthcare Limited as a major creditor to the company, is no longer willing to support the financial requirements of the company and it is on this basis that the Board of Directors has resolved to initiate a creditor’s voluntary winding up process,” he said. ....

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AAR Healthcare to shut Tanzania business due to financial difficulties

AAR Healthcare to shut Tanzania business due to financial difficulties
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