Healthcare communications service company Sedco collapses despite sector strength
An Australian manufacturer and distributor of healthcare communications devices has collapsed, with administrators now seeking a buyer for assets of the company.
The collapse comes despite the healthcare market experiencing a growth boom, although manufacturing has continued to weaken.
Sedco Communications is one of the country's biggest providers of communications tools – the company makes call systems, paging systems and pocket pagers for healthcare workers. The business has run for over 43 years, with offices across Australia and New Zealand.
Administrators PPB have been appointed to Sedco. SmartCompany attempted to contact PPB this morning, but no reply was available before publication.
However, it is understood Sedco ceased to trade before administrators were called in. Sedco was also contacted, but a representative could not be reached.
The collapse comes despite the vibrant and lucrative nature of the healthcare market – the sector was recently named the nation's biggest employer. The collapse suggests problems could have been more internally focused, although PPB is still looking to sell the business.
Business assets include intellectual property, inventory, goodwill and other intangible assets, along with local and international customer databases.
The company claims to offer 24/7 customer support for its systems, while the business also offers training facilities and preventative maintenance facilities.
The business seems to have been operating fully within the past few months – it announced the launch of its third New Zealand office on September 7.