Scott spearheads Southern Cross management buyout

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

Philip Scott is the new cief executive of major provider Southern Cross, following the completion of a management buyout in late August. Former executive chairman John Moreton has departed the company. Mr Scott told Caring Times the buyout had been financed by West Private Equity, a subsidiary of the German West LB bank. “Myself and Chris Rutter, the finance director, have been effectively running the company for the past six months,” Mr Scott said. The new team now aims to take Southern Cross to the position where, by development and acquisition, it is double its present size of 136 care homes across the UK. There are also plans to increase the proportion of specialist care facilities within the company1s portfolio

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