Four Seasons, Britain’s second-biggest care home chain, is to be taken over by the US hedge fund H/2 Capital Partners for an estimated £400m. The deal will come as a relief to the government and the industry regulator, the Care Quality Commission, which has been monitoring the indebted company for more than two years amid fears that local authorities would have to step in. Four Seasons houses 16,000 elderly residents in 320 homes and employs 22,000 people.
Four Seasons, Britain’s second-biggest care home chain, is to be taken over by the US hedge fund H/2 Capital Partners for an estimated £400m. The deal will come as a relief to the government and the industry regulator, the Care Quality Commission, which has been monitoring the indebted company for more than two years amid fears that local authorities would have to step in. Four Seasons houses 16,000 elderly residents in 320 homes and employs 22,000 people.
Click here to read the full article (£)
