Mon, 24 Nov 2014 | BUSINESS SALE
Blackstones is to offer advice on financial and strategic options for the ailing Four Seasons Health Care.
Rumours had arisen that Terra Firma, the care homes group’s private equity owner, is pondering breaking up the group as its debt mountain grows, with rising operating costs and a loss in payments from local authorities. If the plan goes ahead, it would be divided into three parts: one division focused on NHS patients, one for paying customers, and the other for brain injuries and mental health.
Terra Firma acquired Four Season for £825 million two years ago, in a deal which included the debts. Terra Firma ploughed £300 million from its own coffers into the purchase and made up the balance with loans.
At the time it pointed to Four Seasons’ “strong assets base”, with the care home operator owning 60 per cent of its facilities, reducing its rental costs. It was also optimistic about the changing demographics of Britain’s population, with ever-rising demand for more care for the elderly a certainty.
The largest care homes operator in the UK, Four Seasons’ 30,000-strong workforce cares for 20,000 patients in its 60 hospitals and 450 care homes.
In financial hardship for about a decade already, it narrowly escaped liquidation during the recession, after a leveraged buy-out by a Qatar-backed fund in 2006 proved to be an unwise move.
_______________________________________________________________
Related information:
Care Homes for sale
Acquisition strategy
The company’s comprehensive service encompasses the design, installation and ongoing maintenance of bespoke fire-suppression systems. Key partnerships are in place with market-leading suppliers, which enable the business to implement high-quality, sa...
This well-established home improvement provider, based in the Midlands, boasts over thirteen years of operating history and a loyal customer base, with most projects stemming from repeat business and recommendations.
Opportunity to acquire a well-established private dental practice boasting a highly loyal patient base and a large, stable Denplan list of over 1,500 patients.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.