The Financial Times has reported that one of Britain’s largest healthcare providers is in discussions with banks over its burgeoning debts and a repayment deadline in less than a month.
It is not clear what effect, if any, this will have the thousands of care staff employed by the Care Home giant.
Senior lenders to Four Seasons Healthcare, including Royal Bank of Scotland, are stepping up efforts to restructure the debt of the UK healthcare provider ahead of a September crunch point
Lenders, including RBS, Cheyne Capital, Marathon Asset Management and a Morgan Stanley Real Estate run fund, have held a series of talks over recent days and weeks.
The company is the UK’s third-largest nursing home operator behind Southern Cross and Bupa, with 333 care homes running nearly 17,000 beds. It is facing a massive refinancing in three months of £1.2bn of its £1.5bn debt load.
Four Seasons employ a large number of overseas Nurses and Senior Carers on Work Permits.
For full story see: