An article on May 27 wrongly suggested that private equity company Terra Firma ran Four Seasons Health Care until December 2019. In fact, FSHC has been under the control of its bond holders since November 2017.
Terra Firma has asked us to clarify that it halved FSHC s debt on acquisition, took no dividends and ultimately wrote off what it was owed; despite reduced fees and rising costs, 66% of its homes were rated good or outstanding.
To report an inaccuracy, please write to the Readers Editor, Daily Mail, Northcliffe House, 2 Derry Street, London W8 5TT or e-mail corrections@dailymail.co.uk.
CMS wins major contract with The Huntercombe Group thenorthernecho.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenorthernecho.co.uk Daily Mail and Mail on Sunday newspapers.
Private equity firms buying up care homes should face stringent tests before being able to extract dividends and profit , the boss of one of the biggest chains in the sector said last night.
People on the move: 31 top North West appointments you may have missed
With lockdowns easing and business confidence recovering, firms across the region have wasted no time in making key hires
Chris Capes, Lauren Wilden, Ian Chatburn and Jess Shepherd are among recent North West appointments
Sign up to FREE email alerts from BusinessLive North WestInvalid EmailSomething went wrong, please try again later.
Subscribe
When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.
Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice
With Covid lockdowns easing and business confidence recovering, firms from across the North West have wasted no time recently in making a host of key hires.
That is why they wanted to do something special to mark National Tea Day last week. On Wednesday, those living and working at St Oswalds House Care Home joined 8,000 others across the UK as part of the largest known tea tasting event. The taster was held by care home operator Four Seasons across all 180 of its care homes in a bid to find a new tea blend by residents’ popular vote. Having sipped their way through nearly 12 million cups of tea during the pandemic year, the group’s residents are connoisseurs of a good brew. On the tasting menu were three blends specially crafted for the care home by family-run business Tea from the Manor, including a caffeine-free chamomile and rose.