Southern Cross’ financial director is joining NHP’s new joint partnership with Court Cavendish to manage the finances of 250 properties.
David Smith will leave the care homes operator once its winding-down is complete at the end of October.
He is joining HC-One, which is the new operating company formed by landlord NHP and care homes operator Court Cavendish.
Smith will not seek compensation for his loss of office.
Jamie Buchanan, Southern Cross’ departing chief executive, said: “Smith showed great courage when stepping into his current role under hugely challenging circumstances earlier this year. Since that time he has displayed immense fortitude and has performed in an exemplary manner.”
joanna.bourke@estatesgazette.com
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