Well done Southern Cross!


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

We’ve all been waiting a while for a long term care flotation, but as stock markets started to falter worldwide, the chances seemed to be receding – and then Southern Cross went and did it! The fact that they felt confident enough to do it now, after many flotations in other markets had been pulled, sends an even more positive note for the sector than if they had done it when markets were strong. Basically it’s saying “We’re going to ignore the rest of the world – we feel so good about our company, our market and our prospects going forward that we’re going for it regardless”. That has to be good news for the sector as a whole. Over the last couple of years financial values/multiples and ratios have begun to rise to what many consider stratospheric levels, and we must all have begun to worry that it was all going to end in tears. Yet here is a company that is saying “it’s been good recently but it’s going to get even better in the future”, and it will have to perform because going publ





Comments are closed.


Latest blog posts

End of life care – care homes can do it well

By guest blogger Professor Keri Thomas,

Clinical director, National GSF Centre for End of Life Care

News that care homes could, based on current trends, overtake...

The DTOCs dashboard dilemma

By guest blogger JEF SMITH

The Department of Health refers to delayed transfers of care – the issue of people not being able to move...

From where I stand . . .

By Caring Times editor GEOFF HODGSON

A group of residents’ families have criticised the Care Quality Commission’s refusal to review the ‘good’ rating it awarded to...