Google+ Followers

Wednesday, 15 June 2011

BBC News - Southern Cross to hold crisis meeting with creditors

Southern Cross is to hold a crisis meeting with landlords, lenders and the Department of Health later.

The care home provider, which is unable to meet rent payments on its homes, hopes to reach an agreement on its financial future with its creditors.

Of central importance is how to ensure continuity of care for the 31,000 people at the firm's 751 care homes.