Partner Article

Solution in sight for Southern Cross

Southern Cross has reportedly come to an agreement with its landlords which will see no care homes closed during a transition period running until at least October.

The landlords also told the BBC that they were prepared to make “significant financial concessions”.

However, they said it looks likely that the company would undergo a name change as the number of homes falls from 751 to 500 or less.

They have been in talks with Southern Cross, which is unable to pay its rent.

The landlords’ committee represents the 80 landlords who own the company’s 751 care homes.

“Our overriding concern at this time remains minimising disruption and concern for residents and their families,” the committee said in a statement.

This was posted in Bdaily's Members' News section by Ruth Mitchell .