A care home operator with a business in Carlton is on the brink of administration after months of efforts to reduce its mammoth debt.
Sky News is reporting that Four Seasons Health Care (FSHC), one of Britain’s biggest private care home operators, will seek court approval to appoint administrators later on Tuesday, placing the long-term ownership of the business in doubt.
The firm currently operates the Charnwood Care Home on Station Road.
Alvarez & Marsal (A&M), the professional services firm, has been lined up to handle the administration, which would be the biggest in the care homes sector since Southern Cross collapsed in 2011.
The report claims any move to appoint administrators would not prompt any change to care arrangements or the closure of homes.
Sources told Sky News the operation of Four Seasons’ 253 residential and nursing care homes would be unaffected by the move to place its parent companies into administration, with a sale process – which had been expected since the turn of the year – commencing immediately.
