Care homes operator Four Seasons Healthcare has collapsed into administration, sparking anxiety among its 17,000 residents and their relatives, as well as criticism from Labour over government funding cuts and the role of financial investors in social care.
Four Seasons and the sector’s regulator, the Care Quality Commission, said they did not expect any disruption to residents’ lives, nor the closure of any of its 322 homes, which employ 22,000 people.
But Four Seasons’ financial failure has raised questions about the long-term future of a firm that has struggled badly under successive owners, Guernsey-based private equity group Terra Firma and Qatar’s sovereign wealth fund.
Full Story: The Guardian, 30th April 2019
