December 05, 2016 4:14 AM ET

Insurance

Company Overview of Vhi Healthcare

Company Overview

Vhi Healthcare provides health insurance in Ireland. It offers health insurance plans, such as starting out range of plans for young singles and couples starting out in life; family cover; and international cover for working, travelling, or studying abroad for more than six months. The company also provides multitrip travel insurance for emergency medical care abroad; personal accidents; out-patient medical expenses; trips cancelled or curtailed; missed departure; travel delays; loss of luggage; travel home care; covering expenses for losing money, passport, and important things; personal liability; and legal expenses. In addition, Vhi Healthcare offers global health insurance for work, stud...

Lower Abbey Street

Dublin 1

Dublin,  

Ireland

Founded in 1957

Phone:

353 1 799 7079

Fax:

353 1 873 4004

Key Executives for Vhi Healthcare

Chief Executive Officer
Director of Finance
Head of Corporate Communications
Director of Human Resources
Director of Marketing & Business Development and Director
Compensation as of Fiscal Year 2016.

Vhi Healthcare Key Developments

Cork Medical Centre Provides Legal Update Against VHI Healthcare

The Court of Appeal has paved the way for a court battle between the founders of the Cork Medical Centre (CMC) and VHI Healthcare, overturning a previous High Court decision. The Court of Appeal delivered a judgment that allows the CMC to progress with High Court proceedings against the state-owned health insurer without having to provide security for costs. The CMC, which closed in 2011 with the loss of 75 jobs, was set up by the orthopaedic surgeon Joe Sheehan and his son James. CMC claimed it closed because the VHI, refused to cover its customers for treatment at the new facility. VHI has denied that the CMC's collapse was caused as a consequence of any failure on its part to approve the hospital for medical services provided to its insured clients, or that it had any obligation to provide such cover. In 2012, the CMC brought proceedings in the High Court claiming that the VHI had infringed both Irish and European community competition law by abusively refusing approval. The company pursued damages for the losses it claimed it had sustained as a result of the alleged infringements on the part of VHI which, it claimed, rendered the company insolvent. VHI then applied to the High Court for a number of reliefs, including an order directing the company to provide sufficient security for the VHI's costs of the proceedings if the insurer was ultimately successful in its defence to the company's claim. In his High Court ruling, Mr. Justice Cooke ruled in favour of VHI, and made an order for security of costs to be made against the CMC. The Court of Appeal overturned that decision in a judgment delivered on March 27. It dismissed VHI's application for security against costs. In his judgment, Mr. Justice Mahon said there was quite a compelling case to be made that there was a connection between the refusal on the part of VHI to approve the institution for use by its membership, and its hopeless financial position, which emerged very quickly after it opened its doors in October 2010.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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