Ireland's Photologic, a medical imaging business, has gone into liquidation, the Sunday Business Post is reporting. The company, which was owned by John Gallagher, had been in business for nearly 20 years.
Photologic had employed roughly 40 people and had sales of about €20 million in 2009. Gallagher worked for Kodak for 10 years before setting up Photologic, which became the agent for Kodak products in Ireland. It also built a significant health imaging business in Ireland and Britain, the Business Post reports.
The company was owed €2.9 million by related parties, including Gallagher's Charter Medical Group, which operates a €20 million clinic in Smithfield in Dublin. Gallagher founded Charter Medical in 2006.
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