16 homes sold to stay solvent


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

Colvin prepares to go

Southern Cross Healthcare has recently sold 16 care homes in order to meet debt payments and as announced that chief executive Bill Colvin is to step down by mutual agreement with the company’s board.

Nine of the care homes were sold to a subsidiary of Daejan Holdings plc for £31.1m. The other seven were purchased by three separate companies – Kenplaid Ltd, Keybank Ltd and Lirkhollow Ltd – for a toal of £20.7m.


Find a Miele dealer


Print



Latest blog posts

Look East old chap

By Caring Times editor GEOFF HODGSON

A certain amount of self-regard is no bad thing, but I can’t say the same about those, usually younger, people...

The flowers that bloom in the Spring

By Caring Times editor GEOFF HODGSON

We spent the long weekend just gone mainly in our garden and on our allotment, planting, pruning, weeding, watering and...

Running to stand still

By Caring Times editor GEOFF HODGSON

Last week, in giving evidence to the – wait for it – Housing, Communities and Local Government Committee and the...