Four Seasons Health Care (FSHC) today confirmed it will be unable to pay interest on its debt in December as talks on restructuring proposals with its creditors continue.
Care home costs rose by a record 9.6% between 2016 and 2017, according to Prestige Nursing + Care research.
The UK is facing a £15bn bill to replace 6,600 lost care homes over the next five years, global property consultancy Knight Frank says.
Private equity owner Terra Firm has agreed to cede control of Four Seasons Health Care (FSHC) to the provider’s main creditor H/2 Capital.
Four Seasons largest creditor H/2 Capital has issued a series of proposals that it argues will restore the financial stability of the indebted care provider.
US based real estate investment trust (REIT) Welltower has reported a 1.1% rise in group revenue to US$1.09bn (£828m) in the three months to the end of September.
Harrogate based Beaucare Medicare, one of the UK’s largest independent suppliers of medical, nursing and hygiene suppliers, has announced the successful completion of a management buy-out (MBO).
AEW UK Long Lease REIT has announced the acquisition of two residential care homes in the West Midlands and East Riding for £10.3m.