17,000 elderly at risk as care home teeters on the brink A debt-ridden care home chain with around 17,000 vulnerable residents is on the brink of collapse amid a row between its wealthy backers.
Four Seasons Health Care could be tipped into administration within 10 days if it misses a £26m interest payment due next Friday that it has warned it may not pay.
Its owner, private equity firm Terra Firma which is run by tycoon Guy Hands, and key lender, US hedge fund H/2 Capital Partners, have yet to agree on a rescue deal as the deadline looms. The Daily Mail
Four Seasons Health Care could be tipped into administration within 10 days if it misses a £26m interest payment due next Friday that it has warned it may not pay.
Its owner, private equity firm Terra Firma which is run by tycoon Guy Hands, and key lender, US hedge fund H/2 Capital Partners, have yet to agree on a rescue deal as the deadline looms. The Daily Mail
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