Troubled care home operator Southern Cross hit another roadblock to a solution of its financial problems with reports this weekend that about 200 employees have either not been paid at all in the past month or were only paid part of what they are owed, with many of them saying they will stay off the [...]
Southern Cross and its landlords were reported to have reached an agreement Wednesday that will allow the care home operator to pay less rent to landlords, but not at the full 30 percent it had said it would cut from rents for the next four months and with landlords having a bigger say in how [...]
Landlords for Southern Cross care homes met Monday to consider a response to the homes operator’s move to withhold 30 percent of rent payments over four months in an effort to save its troubled operations. The landlords reported late in the day that they had reached an agreement with Southern Cross that will allow it [...]
Care home operator Southern Cross has made plans to give up 132 of its care homes to its landlords, according to media reports, involving a surrender of nearly 20 percent of the 752 homes is runs in the UK in an attempt to save the company. According to the reports, the company has chosen 47 [...]
