Volume 90 Issue 23 | p. 17 | Concentrates
Issue Date: June 4, 2012

Roche Halts Supplies To Late EU Payers

Department: Business
Keywords: drugs, hospitals, debt

Roche has tightened its policy of accepting late bill payments from hospitals in the most cash-strapped parts of the European Union by suspending drug supplies to its slowest-paying customers. Roche has suspended supplies to a dozen hospitals in Spain and 23 hospitals in Portugal that are more than 700 days behind in their payments. The company has a payment-on-delivery policy for hospitals in Greece. It is reviewing its policy for hospitals in Italy, where, Roche says, a “limited number” of hospitals haven’t paid it for its drugs for two to three years.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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