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.
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.
Earnings for Four Seasons for broadly in line with the year earlier period with a rise in fees and occupancy offset by an increase in costs.
The percentage of care homes at risk of going bust has risen to 16% over the last 12 months, a new report warns.
Target Healthcare REIT has posted strong results in the second quarter of 2017 with a net asset value (NAV) return of 1.9%.
Runwood Homes saw a rise in turnover and occupancy levels in the financial year ending September 2016.
Four Seasons Health Care posted “positive progress” in the first quarter seeing a rise in care quality, occupancy and financial results.
Four Seasons Healthcare Group has reported a strong turnaround in operational and business performance in 2016.
Talks are progressing over the future capital structure of leading UK care home provider Four Seasons.