Four Seasons Health Care gains breathing space

Four Seasons Health Care gains breathing space
 

Care home company Four Seasons Health Care has won a reprieve on a major debt repayment which threatened the future of the firm.
The group, which looks after 17,000 elderly and vulnerable residents, had been due to make an interest payment of £26m by Friday.
However, Four Seasons has only £24.8m in cash and is £540.2m in debt.
It said the delay "ensures continuity of care for Four Seasons' residents" and stability for its employees.
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14 December 2017 in Business, Views: 51
Source: BBC
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