Southern Cross in talks with govt
Southern Cross Healthcare, which provides services for paying for long term care in the UK, is in talks with the Department of Health after hitting financial problems.
The company runs more than 750 care homes in the country, looking after a total of some 31,000 people, and recently asked its landlords to be allowed to pay its bills monthly rather than quarterly in order to buy time.
Care services minister Paul Burstow MP said the company is currently taking steps to restructure its finances and officials are "keeping a very close eye on the company".
"My officials and those at the Department for Business, Innovation and Skills are talking to Southern Cross and KPMG, who are advising Southern Cross on delivering its restructuring plan," he went on to say.
Mr Burstow added that the company is expected to maintain service continuity and quality of care until the difficulties are settled.
Posted by Natalie Edwards