Troubled care homes group to close in the UK

British care home operator Southern Cross confirmed today that it is to close down after the landlords of its properties abandoned the company.

The group, which has 752 homes and 31,000 residents, has been locked in negotiations over a restructuring of the group’s property arrangements, but following the landlords’ decision it is now working on a plan to facilitate the transition of homes to new landlords and their new operators.