Share receivers have been appointed to the Whitfield Clinic in Waterford City, which has 40 inpatient beds and employs 160 people.
A statement on behalf of the company, Euro Care Healthcare Limited, said that this was not a traditional company receivership and there will be no impact on patient care, employment, trade creditors or the day-to-day operations of the private hospital.
The joint share receivers are Kieran Wallace and Barry Donohue of KPMG, appointed by Anglo Irish Bank, which is owed approximately €85m.
Ms Philomena Shovlin has been appointed by the board of Euro Care Healthcare Limited as interim chief executive.
She formerly worked as chief executive of St Vincent's Private Hospital in Dublin and director of the CEO's office at the HSE.
The company said the sole purpose of the receivership is to secure the future of the clinic.
The UPMC Whitfield Cancer Centre, which is on the same campus as the Whitfield Clinic, said it was not affected by appointment.
In a statement, the Cancer Centre said: 'The decision by Anglo Irish bank to appoint a share receiver to the Whitfield Clinic does not affect UPMC Whitfield Cancer Centre directly as it is a separate legal entity.
'The Cancer Centre will continue to treat patients as normal. Patients should continue to present for their scheduled appointments.
'Any patient queries should be made to our Cancer Care team at 051 337452'
The decision by Anglo Irish bank to appoint a share receiver to the Whitfield Clinic does not affect the UPMC Whitfield Cancer Centre directly, as it is a separate legal entity.
