Care provider with homes in Heywood and Middleton goes into administration
Date published: 01 May 2019
Photo: Google, DigitalGlobe
Hulton Care Home in Middleton, run by Four Seasons
One of the UK’s largest care home providers with services in Heywood and Middleton has gone into administration.
Two of the holding companies behind Four Seasons Health Care Group, which runs Heywood Court Care Home and Hulton Care Home in Middleton, appointed administrators on Tuesday (30 April) after struggling to repay their debts.
A sales process as part of a restructure has also been launched.
Four Seasons have said this will have no impact on the care homes with no changes to services or closures. The operating companies under which the care home and hospital operations sit are not in administration and continue to be run as normal by the existing leadership teams.
Richard Fleming, Mark Firmin and Richard Beard of Alvarez & Marsal Europe LLP, have been appointed as joint administrators to the holding companies that carry debt, Elli Investments Limited and Elli Finance (UK) Plc, which do not own or operate any care homes or hospitals directly.
Four Seasons said the group has entered into a funding agreement which provides sufficient operational funding to ensure continuity of care for all of its residents and patients during the independent sales process period.
Dr Claire Royston, Group Medical Director of Four Seasons Health Care, commented: “Today’s news does not change the way we operate or how our homes are run or prompt any change for residents, families, employees and indeed suppliers. Our priority remains to deliver consistently good care. It marks the latest stage in the Group’s restructuring process and allows us to move ahead with an orderly, independent sales process.
Richard Fleming, joint administrator of Elli Investments Limited and Elli Finance (UK) Plc (holding companies only), added: “We are committed to ensuring the group delivers continuity of care as we work to undertake the independent sales process. The group has continued to improve its quality ratings across their portfolio of homes and hospitals. The group’s operations are fundamentally strong, and a successful sales process will enhance those operations’ ability to thrive.”
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