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Care Home transfers to new operators

1st Nov 2011 16:00

RNS Number : 2896R
Southern Cross Healthcare Grp PLC
01 November 2011
 



1 November 2011

 

Southern Cross Healthcare PLC

("Southern Cross", or "the Company" or "the Group")

 

Completion of third wave of Care Home transfers to new operators

 

Southern Cross announces that following approval of the relevant regulators, a further 417 care homes have transferred yesterday to new operators bringing the total number of transfers since 30 September to 705. The remaining homes are expected to transfer in mid-November.

 

Completion of these transfers represents a major step in winding down the Group's operations.

 

The Company also confirms that today, David Smith, Finance Director, leaves the Southern Cross Board to take up the position of Finance Director of HC-One.

 

 

 

Enquiries:

 

Southern Cross Healthcare Group PLC

+44 (0)1325 351100

Amy Kroviak, Director of Communications

 

 

FTI Consulting

+44 (0)20 7831 3113

John Waples / Ben Brewerton

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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