Medlab Pathology sued in High Court by a number of women over alleged failings between 2011 and 2019
They state that MedLab Pathology “holds medical malpractice liability insurance and almost all claims arising are covered by this insurance”.
After taking into account insurance receivable of €30.95m from the claims, the firm’s estimated net liability from the claims is €18.37m. The note adds that “in relation to the small number of claims for which the insurers have not yet confirmed indemnity, we used our best judgment of the liability, based on the most reliable information available”.
The company’s revenues for 2020 totalled €9.7m, a drop of 25 per cent on the 2019 revenues of €12.95m, mainly due to the impact of Covid-19.
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