Latest News
Monday 11 July 2011
Southern Cross set to shut down
Landlords owning all 752 care homes in the Southern Cross Group have said they want to leave the group.
"It is currently envisaged that the existing group will cease to be an operator of homes," an update on the restructuring process said.
As a result, trading in the shares of Southern Cross has been suspended as at 7.30am this morning.
The announcement also said the landlords were still committed to providing continuity of care to its 31,000 residents.
Further information on the latest update of the Southern Cross saga can be found on the BBC website and the Sky News website as well as others during the day.
Would you like to be notified when a news article is added to choosemycare.com? If so, please complete your details below:
First Name*
Last Name*
Email Address*
