A lesson for all seasons

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

As fractious discussions to restructure Four Seasons Healthcare’s huge debt burden enter the end-game, SUHAIL MIRZA looks at what went wrong for one of the UK’s biggest care home providers.

In the summer of 2006 finance ruled the world and ever more complex financial instruments helped fund ever more eye-watering deals across the globe.

The care homes sector was part of this hubristic environment and in September 2006 Four Seasons Healthcare ( then with 416 homes) was sold for £1.4bn by Allianz Capital Partners (who had acquired it for £775m from Alchemy only 26 months earlier) to an investment fund, advised by Three Delta, which was capitalised by the Qatari Investment Authority (QIA). Private Equity was dominating the world of bu

Comments are closed.

Latest blog posts

Time for a ten dollar answer

By Caring Times editor GEOFF HODGSON

Ernest Hemingway was known for his minimalist style and he used to pooh-pooh what he called “ten-dollar” words. Not to...

Lacking capacity

By guest blogger JEF SMITH

A friend of mine diagnosed with cancer – now, happily, treated – was asked how he could possibly have missed the...

Care homes – understated examples of tasteful design

By Caring Times editor GEOFF HODGSON

Dozens of recently-built care homes are material proof that it is perfectly possible to design aesthetically pleasing buildings and put...