Latest on Southern Cross

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

Landlords and politicians are placing increasing pressure on the care home operator

On Wednesday 15th June a meeting,involving the government, Southern Cross and seven large landlords will take place to discuss the company’s plans to slash rents by 30%. The landlords are also expected to demand that the Inland Revenue writes off some of the £20m owed or at least provides some breathing space to the company.

In a separate development former Paymaster General Geoffrey Robinson and other politicians have asked Southern Cross to specify which are the 47 homes they are proposing to hand back to landlords because they have a ‘limited life’.

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