Print Published 6th Nov 2018, 11:03

Audit firms approved differing gross profits in Stem’s accounts

Conflicting views have been taken by two major audit firms over the presentation of an item in the accounts of Stem Healthcare (formerly Stem Marketing).  Stem was acquired by UDG Healthcare for an initial payment of £55 million in October 2016 (see Stem Marketing sale delivers initial £46m to Rob and Cherry Wood).