Oct 21, 2011
Care UK also announces that it has completed the transfer of 14 care homes formerly operated by Southern Cross Healthcare Group Plc (“Southern Cross”). The 14 homes are all located in the north-east of England and comprise 840 beds in total.
Care UK has entered into an assignment with the landlord for the remaining lease term for these homes, having re-negotiated certain key terms of the leases on to a sustainable basis. The homes transferred with effect from 14 October 2011. The absolute priority in the successful transfer of these homes is the continuity and quality of care for the residents.
Care UK is also in the process of finalising the transfer of a similar number of additional former Southern Cross homes. A further announcement in relation to these homes will be made in due course.
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