Finance articles

Four Seasons Nurses

BREAKING NEWS: Four Seasons confirms it will be unable to pay debt interest

BREAKING NEWS: Four Seasons confirms it will be unable to pay debt interest

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 hit record level

Care home costs rose by a record 9.6% between 2016 and 2017, according to Prestige Nursing + Care research.
Julian Evans

UK faces £15bn care home replacement bill, Knight Frank says

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.
Four Seasons Nurses

BREAKING NEWS: Terra Firma agrees to H/2 Capital’s Four Seasons rescue plan

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 Nurses

BREAKING NEWS: Four Seasons creditor issues debt restructuring counter proposals

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.

Welltower posts flat third quarter revenue

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.

LXi REIT announces £30.3m care home acquisition

LXi REIT has announced a £30.3m acquisition of care home and supported living properties.

Santander supports Beaucare Medical MBO

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 REIT announces £10.3m care home deal

AEW UK Long Lease REIT has announced the acquisition of two residential care homes in the West Midlands and East Riding for £10.3m.

Lack of choice leaves families settling for inadequate care homes

A systematic failure in the care home sector is leaving the majority of people with limited choice and half of people in need of care having to wait for a bed, according to Which?