Four Seasons debt write-off


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

Dec. 6: A consortium of 30 banks is expected to announce in the coming days that it will write-off more than £800m of loans to Four Seasons healthcare, Britain’s biggest care home provider. The state-controlled Royal Bank of Scotland is the biggest loser. It will write off more than £300m and own just under 40% of the care group. Other institutions to lose money include Fortis, Nationwide, Marathon Asset Management and Cheyne Capital.





Comments are closed.


Latest blog posts

The NHS and all that jazz

By Caring Times editor GEOFF HODGSON

Last week the National Health Service marked its 70th anniversary. The irony is that, when this all too human institution...

The bland leaving the bland?

By guest blogger JEF SMITH

The headline for an interview which Sir David Behan, the Care Quality Commission’s departing chief executive, gave to The Guardian...

IT comes to CQC

By guest blogger JOHN BURTON

This month, IT is coming to CQC in person. David Behan is leaving, and DB’s replacement is IT, Ian Trenholm...