One of the biggest landlords at UK care home operator Southern Cross is to take back control of homes it leases to the group and set up on its own.
NHP, which owns 250 of the homes currently run by Southern Cross, is expected to announce today that it will form a new care home operating company to run the homes in conjunction with Court Cavendish, a turnaround specialist run by industry veteran Dr Chai Patel.
The new operating company is expected to take over the homes once the wind-down of Southern Cross is complete, which could be at the end of October, it is understood.
NHP is already said to have secured the necessary funding and working capital and expects to achieve a seamless transition with no disruption for residents.
Source: The IndependentGoogle+