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

Comments are closed.

Latest blog posts

A flight of festive fancy

By Caring Times editor GEOFF HODGSON

Christmas Past: It’s cold outside but inside the care home the star atop the tree beams its rays of hope...

Some failures are inevitable

By Caring Times editor GEOFF HODGSON

There’s a lot of speculation as to the near-term future of Four Seasons Health Care: as to if it will...

Some things cannot be ignored

By Caring Times editor GEOFF HODGSON

What do we take away from the Competition and Markets Authority’s final report on the care homes sector? I think...