Four Seasons chairman Martin Healy has stood down following the unification of the care group’s brands.
The move follows the unification of the Four Seasons and brighterkind businesses in December along with the handover of 44 care homes to rival operators.
Richard Fleming, joint administrator of Elli Investments Ltd and Elli Finance (UK) Plc, who were appointed in April 2019, said: “We continue to work towards putting the Group on a sustainable financial footing without compromising continuity of care for residents and patients throughout this restructuring period. I would like to thank Martin for his contribution and support to the Group and wish him well for the future.”
Four Seasons said negotiations were ongoing with the Group’s landlords over the remaining leasehold homes in its portfolio with the possibility of additional transfers to other operators.
The Group is pursuing a consensual restructuring, with its freehold properties no longer on the market after a deal to sell 185 services to leading creditor H/2 Capital collapsed in October.
CEO of the unified care home business, Jeremy Richardson, said: “Our focus remains on maintaining continuity of care across the Group as we make positive steps in driving the combined care home business towards a stable financial footing.
“I would sincerely like to thank Martin for his services to the Group, particularly for his assistance during the restructuring process and his dedication to providing high quality care to our residents and patients. We have a strong operational team in place and look forward to continuing to build on the successful unification of the brighterkind and Four Seasons branded businesses.”