HEALTH

Southern Cross faces care home offload

Troubled care home provider Southern Cross could offload as many as 200 homes in order to avoid bankruptcy, it has been claimed.

By James Evison | 06 June 2011

Troubled care home provider Southern Cross could offload as many as 200 homes in order to avoid bankruptcy, it has been claimed.

The future of the care homes is to be decided by the 80 landlords of Southern Cross's properties, who are currently only receiving approximately 70 pence in every pound billed in rents.

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Popular articles by James Evison

  1. GIB sale 'won't affect investment landscape'
  2. AWM is top bidder for £14m waste deal
  3. MacDonald commits to £6m Lambeth scheme
  4. Metro mayors must deliver bold socio-economic vision
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