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Author Topic: Southern Cross Care Homes collapses  (Read 1190 times)

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Offline Durham Forum

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Southern Cross Care Homes collapses
« on: Jul 11, 2011, 13:36 »
I see the company has had it's shares suspended and it's going to be wound up. Bet the fat cats have got all their money out though eh?

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Offline anonymous

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Re: Southern Cross Care Homes collapses
« Reply #1 on: Jul 11, 2011, 14:14 »
Hope there is some sort of plan in place, my mother is in a Southern Cross home.

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Re: Southern Cross Care Homes collapses
« Reply #2 on: Jul 11, 2011, 15:09 »
They reckon that there'll be 'continuity of care' as the homes are passed to other providers. Hopefully there'll be no disruption to any of the residents, who probably won't know anything about it.

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Offline Credo

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Re: Southern Cross Care Homes collapses
« Reply #3 on: Jul 16, 2011, 08:21 »
Both my parents were in a nursing home. The fees were around £2000 each a month. How the hell can a company taking in that sort of money go bust.

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Offline Durham Forum

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Re: Southern Cross Care Homes collapses
« Reply #4 on: Jul 16, 2011, 08:59 »
I think they were just paying out more in rent to their landlords than they were getting in income.

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