Four Seasons to get further reprieve as merger with Priory Group aborted

Posted on May 1st, by editor in Caring Times. No Comments

It is believed that debt-ridden provider Four Seasons Healthcare is to be given a further three months to sort out its financial problems after creditors effectively pulled the plug on merger negotiations with the specialist mental heath provider the Priory Group.

In the first days of the new year it was reported in the national media that the Royal Bank of Scotland (RBS) was promoting a merger between Four Seasons and the Priory Group. However, senior creditors are reported to have rejected the merger plan, saying that several private equity groups had exp

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