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KPJ Healthcare was suspended from trading on the London Stock Exchange on October 27th, following a series of poor results.

On October 27th, KPJ Healthcare announced that it had been suspended from trading on the London Stock Exchange. The company had already lost over half of its value in the previous year and was suffering from ongoing financial problems. As a result, its share price dropped by 40% when trading was halted at around 1:00 pm. KPJ’s financial troubles were made worse by a recent lawsuit brought against it by one of its former employees. KPJ’s share price has fallen steadily since then and is currently worth less than £0.01.

The healthcare provider first came under fire in mid-2021 when it was revealed that it had received complaints about one of its hospitals, which led to an investigation by the Care Quality Commission (CQC). The CQC found that patients were being exposed to unacceptable risks due to inadequate staffing levels and poor training. These findings were compounded when another hospital under KPJ’s care suffered an outbreak of Legionnaires’ disease in 2022.