Homes’ future hangs on negotiations with landlords


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

While 23 care homes operated by Highfield Group Ltd have been placed in administration, parent company Highfield Holdings says none of the homes concerned are owned by NHP. A report in a national newspaper in May had suggested the embattled homes were owned by the sale and leaseback giant. Highfield Holdings managing director Martin Joyce has told _Caring Times_ that, while a number other care homes are operated by Highfield Holdings through other subsidiaries as tenants of NHP, ring-fencing arrangements meant the homes now in administration had no bearing upon other care homes leased from NHP by Highfield Holdings. “Eighteen of the 23 homes are leased and were purchased from Vaux in 1997 as part of a larger deal,” Mr Joyce said. “Highfield Group Ltd inherited the leases from Vaux and the aim was to turn the homes round. “Unfortunately, the specific details relating to the lease agreements, and the trading conditions in the healthcare industry, have together made such a turn round impossible. To maintain the





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...