Uncertainty for 17,000 care home residents ended after troubled firm strikes debt holiday deal with private equity investorsA deal has been agreed to stave off the collapse of , which looks after 17,000 elderly and vulnerable people, after the company’s largest creditor agreed to drop several conditions.Four Seasons had warned it might not honour a £26m debt payment due by Friday, raising fears the firm could become the largest care home operator to fall into administration since Southern Cross in 2011. Continue reading…
Via: Four Seasons Health Care saved from collapse after deal with creditors
Categories: English News