Care home operator on brink of administration
Debt-laiden care home group Four Seasons is on the brink of going into administration as the deadline for a £26m interest payment looms a week tomorrow (Friday, December 15).
The Cheshire-based group – the UK’s largest care home operator – is at the centre of a dispute between its backers Terra Firma, run by tycoon Guy Hands, and its biggest lender, the US hedge fund H/2 Capital Partners.
As well as 17,000 vulnerable residents, Four Seaons has 25,000 employees and uses hundreds of agency workers.
Hands bought debt-ridd... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
