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Southern Cross

Southern Cross 01/04/2012

19:30 : New owners of Southern Cross dispute union £150m compensation claim - GMB union argues staff should receive 13 weeks' pay because they were not properly consultedThe new owners of care homes inherited from Southern Cross have hit back at claims by the GMB trade union that employees are owed £150m in ...
Source : guardian-co-uk

Southern Cross 02/12/2011

18:52 : Barclays and Lloyds swallow £50m Southern Cross debt - Banks persuaded to make 'considerable concessions' by ministers to avoid pushing troubled care home into insolvencyThe winding-up of Southern Cross, Britain's biggest nursing homes operator, has left Lloyds Banking Group and Barclays ...
Source : guardian-co-uk

Southern Cross 14/11/2011

00:33 : Doubling in number of care home firms collapsing into administration - Southern Cross joined by more than 70 smaller companies as care crisis widensThe crisis in social care funding has led to a doubling in the number of care homes going bust, according to a new report.Accountants Wilkins Kennedy on ...
Source : guardian-co-uk

Southern Cross 01/11/2011

16:57 : Why Four Seasons Healthcare 'is nothing like Southern Cross' - Care home company Four Seasons has taken over many of failed operator Southern Cross's homes and pledges greater investment, not slash and burn approachFour Seasons Healthcare is adamant that it is "not the son of Southern Cross". Kevin Roberts, director ...
Source : guardian-co-uk

Southern Cross 19/10/2011

06:10 : Why a critic of institutional care is taking over from Southern Cross - Why has former learning disability 'tsar' Ann Williams accepted a key position on the board of a new company taking over 249 former Southern Cross homes' Janet Snell finds outEarlier this month, residents at a Darlington care home ...
Source : guardian-co-uk

Southern Cross 10/10/2011

11:24 : The new owners of Southern Cross care homes must embrace transparency - For too long the management of care homes has been cloaked in secrecy. We must strive to increase openness, says Peter Hay • The Guardian is mapping what happens to each Southern Cross care home as the data becomes available. See ...
Source : guardian-co-uk

Southern Cross 05/10/2011

23:20 : Southern Cross saviour in refinancing of its own - Four Seasons Healthcare, the care home chain that is hoping to take on 140 Southern Cross homes, is in discussions to refinance its debts, which amount to £780m.

Southern Cross 20/09/2011

23:54 : Collapsed care home business Southern Cross strikes bank deal - Southern Cross is expected to strike another agreement to extend its banking facilities further when they expire today. The troubled firm is preparing for the first wave of transfers of its care homes to new operators, which is expected ...

Southern Cross 01/09/2011

00:13 : Boss of Southern Cross waives £430,000 pay-off - The chief executive of Southern Cross will not pocket his pay-off of £430,000 when he steps down from the beleaguered care homes operator once its restructuring is "well advanced" towards the end of the autumn.
00:03 : Southern Cross chief to turn down £500,000 compensation - THE boss of failed care homes giant Southern Cross said yesterday he will waive his entitlement to a payout of up to £500,000 when he leaves the company.
Source : scotsman-com

Southern Cross 31/08/2011

22:45 : Southern Cross chief executive waives golden goodbye - The move will allay fears that some of its 31,000 elderly residents would be left without anywhere to live following the company's collapse earlier in the summer.
11:48 : Boss of failed care home provider Southern Cross turns-down £500,000 leavin - Southern Cross chief executive Jamie Buchan will not accept a £500,000 leaving payout, he announced today. The UK's largest care homes provider is expected to close down by the end of the year.
10:05 : Southern Cross chief stands down with no severance pay - Jamie Buchan has agreed not to take a £430,000 payoff – equivalent to 12 months' salary – that he was entitled to, the care homes provider saysSouthern Cross chief executive Jamie Buchan is stepping down and will forego a £430,000 payoff, the company ...
Source : guardian-co-uk

Southern Cross 30/08/2011

23:08 : Southern Cross care homes: get the full list and find out what has happened - What will happen to Southern Cross' care homes' The Association of Directors of Adult Social Services, ADASS, have compiled a list of each home and what has happened to it • Get the dataThe collapse of Southern Cross, the UK's biggest ...
Source : guardian-co-uk

Southern Cross 31/07/2011

14:08 : NHP intends to sell 33 cares homes from Southern Cross - Care home landlord NHP plans to sell 33 learning disability units for £20 million and use the proceeds to improve 297 residences when it takes over running them from troubled operator Southern Cross.

Southern Cross 29/07/2011

13:55 : Care home crisis requires reform, not fire-fighting | Rory Coonan - It is far from clear how the lessons of Winterbourne View and Southern Cross will be learned. The whole system is brokenThe care quality commission has finally shut down Winterbourne View, the privately run care home at which patients ...
Source : guardian-co-uk

Southern Cross 23/07/2011

22:52 : Chai Patel to head care home super-group created from Southern Cross - Controversial care home entrepreneur Chai Patel is lined up to run one of Britain's biggest care home groups, created from the remains of Southern Cross.

Southern Cross 18/07/2011

16:44 : Southern Cross landlord in joint venture with healthcare specialist - Court Cavendish run by former boss of Priory clinics, Dr Chai Patel will have a stake in the new business operating 249 homesA former boss of Priory clinics today stepped in to help rescue 249 care homes facing an uncertain future following the demise ...
Source : guardian-co-uk
14:57 : Landlord sets up firm to take on Southern Cross homes - LONDON, July 18 - NHP, the largest landlord of care homes operated by the collapsed Southern Cross, said on Monday it would set up a new business to take control of 249 of the homes.
Source : reuters-com

Southern Cross 17/07/2011

07:20 : Sunday Papers: Rescue bid for Southern Cross - money and other news - And the directors of BSkyB are being urged to back or sack James Murdoch as chairman of the satellite broadcaster as the crisis at News Corporation enters its third week.
Source : citywire-co-uk

Southern Cross 15/07/2011

23:30 : Southern Cross's incurably flawed business model let down the vulnerable - The collapse of Southern Cross has re-ignited the debate over the role of private finance in the care-home sectorSouthern Cross will soon cease to exist, as landlords take back leases linked to the firm's 750 care homes because it ...
Source : guardian-co-uk

Southern Cross 12/07/2011

19:34 : Southern Cross shareholders told of NHP role in break up - Southern Cross chairman Christopher Fisher tells investors that former sister company and largest landlord forced winding-upSouthern Cross, the stricken care home group, was forced into announcing its wind-up this week by its former ...
Source : guardian-co-uk

Southern Cross 11/07/2011

23:49 : Southern Cross winds itself up - AILING care home giant Southern Cross yesterday took the dramatic step of announcing it was to wind itself up after failing to reach agreement with its biggest landlords over
Source : scotsman-com
21:55 : Southern Cross wakes us up to the business of caring | Ros Coward - We can't leave our elderly to the market's mercies – yet this government will not commit to averting a funding catastropheSouthern Cross was owned by a private equity firm using care homes for exactly the kind of property speculation ...
Source : guardian-co-uk
14:30 : Southern Cross unveils closure plan - Staff and residents at more than 500 care homes were left unsure over who would be running them today after Southern Cross announced plans to shut down.
12:23 : Impact of Southern Cross's demise switches from the boardroom to care ... - From the moment Southern Cross Healthcare entered into negotiations with landlords about a restructuring, a break-up of the company was the most likely outcome.
Source : telegraph-co-uk
11:18 : Southern Cross: The rise and fall - Embattled Southern Cross, the UK's largest care home operators, said today they were being broken up after attempts to rescue the company floundered. We look at where it all went wrong.
Source : telegraph-co-uk
08:58 : Southern Cross to close down completely - The country's largest care home provider has announced plans to shut down and transfer all 752 homes to new operators. Trading in the company's shares has been suspended with immediate effect.
Source : citywire-co-uk
07:46 : Southern Cross landlords to take over all homes - • Southern Cross to be broken up • 500 homes could still be sold on • Uncertainty continues for residentsStricken care home chain Southern Cross is being broken up after attempts to rescue the company floundered.Britain's ...
Source : guardian-co-uk
07:34 : Troubled Southern Cross to close after landlords abandon group - Southern Cross, the embattled care home operator, confirmed on Monday that it is to close down after the landlords of its properties abandoned the group.
Source : telegraph-co-uk
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