Southern Cross to shut down


Posted on April 1st, by editor in CT Extra. No Comments

Staff and residents at more than 500 care homes have been left unsure over who would be running them after Southern Cross announced plans to shut down.
The cash-strapped operator, which has 752 homes and 31,000 residents, is to close after landlords refused to restructure rental agreements.
Landlords of 250 homes have agreed to take them back and run them themselves but negotiations are still ongoing with the owners of the other 502, a process that could take three to four months, it is understood.
The firm said final details of the plan had yet to be settled but all payments to trade creditors and staff were to be maintained to help with the transition to new owners or operators and keep continuity of care.
Southern Cross is the UK’s largest care home operator but ran into a financial crisis brought on by a rising rent bill and lower fees as occupancy rates declined and local authorities r





Comments are closed.


Latest blog posts

Equality & Human Rights – got them sorted?

By Caring Times editor GEOFF HODGSON

Safe, Responsive, Caring, Effective and Well-led – the regulator’s ‘Key Lines Of Enquiry’ (KLOEs) cover it all, wouldn’t you think?

...

Flu jabs – a vexed question

By Caring Times editor GEOFF HODGSON

As the days grow shorter and temperatures fall, the annual anxiety about ‘flu and whether or not to be vaccinated...

Health & social care integration – an epic quest of the 21st Century

By Caring Times editor GEOFF HODGSON

For centuries, marine explorers sought to find a ‘North West Passage’ whereby ships could travel from the North Atlantic, across...