Trinity negotiations need to get results, says chairman

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

After more than 11 months¹ negotiation of a possible sale to Southern Cross Healthcare, the Trinity Care board is showing signs of running out of patience. In an announcement to the Stock Exchange in December, Trinity chairman Glen MacAulay said Trinity¹s board believed that the current negotiations must be brought to a conclusion. “If no offer is forthcoming within a reasonable period time, negotiations will be brought to an end and the board will consider the strategic direction of the company to allow it to re-focus on management and operations,” Mr MacAulay said. Despite the prolonged distraction of the possible sale, Trinity has continued to maintain occupancy across its 1,364 beds in 24 care homes at 93 per cent ­ a level which Mr MacAulay said could not be sustained without delivering quality care. “Results for the period to 30th September 2001 reflect a sound performance under difficult conditions,” Mr MacAulay said. He also announced the acquisition ­ for £1,855,000 ­ of the freehold of the 46-

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