Partner Article
Southern Cross to cut 132 of its homes
Southern Cross, the troubled care home provider, is planning to return 132 of its homes to landlords.
The company wants to return 47 homes by the end of September, with the remaining 85 returned by 2016.
Southern Cross currently runs 752 care homes but has been struggling with high rents of about £200m a year.
But the company denied a report that some homes faced closure, saying that no decision had been taken to close any of its homes.
Chairman Christopher Fisher,said: “We recognise that the current situation and continued media speculation will have caused concern to residents in Southern Cross care homes, and their relatives, and we apologise for this.
“Our primary concern in this matter remains the welfare of the residents living in our homes. The financial restructuring will not affect the provision of quality care in any of our homes.”
This was posted in Bdaily's Members' News section by Ruth Mitchell .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
 
         
         
         
         
         
         
         Confidence the missing ingredient for growth
                Confidence the missing ingredient for growth
             Global event supercharges North East screen sector
                Global event supercharges North East screen sector 
             Is construction critical to Government growth plan?
                Is construction critical to Government growth plan?
             Manufacturing needs context, not more software
                Manufacturing needs context, not more software
             Harnessing AI and delivering social value
                Harnessing AI and delivering social value
             Unlocking the North East’s collective potential
                Unlocking the North East’s collective potential
             How specialist support can help your scale-up journey
                How specialist support can help your scale-up journey
             The changing shape of the rental landscape
                The changing shape of the rental landscape
             Developing local talent for a thriving Teesside
                Developing local talent for a thriving Teesside
             Engineering a future-ready talent pipeline
                Engineering a future-ready talent pipeline
             AI matters, but people matter more
                AI matters, but people matter more
             How Merseyside firms can navigate US tariff shift
                How Merseyside firms can navigate US tariff shift