Partner Article
Southern Cross to cut 132 of its homes
Southern Cross, the troubled care home provider, is planning to return 132 of its homes to landlords.
The company wants to return 47 homes by the end of September, with the remaining 85 returned by 2016.
Southern Cross currently runs 752 care homes but has been struggling with high rents of about £200m a year.
But the company denied a report that some homes faced closure, saying that no decision had been taken to close any of its homes.
Chairman Christopher Fisher,said: “We recognise that the current situation and continued media speculation will have caused concern to residents in Southern Cross care homes, and their relatives, and we apologise for this.
“Our primary concern in this matter remains the welfare of the residents living in our homes. The financial restructuring will not affect the provision of quality care in any of our homes.”
This was posted in Bdaily's Members' News section by Ruth Mitchell .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back
Why we must break the magnetic pull of London
AI scepticism is healthy - inaction isn't
What does NPPF mean for planning gain and pricing?
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline
Devolution needs financial firepower to drive growth
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it