Four Seasons Health Care on brink of administration


Care homes giant Four Seasons is on the brink of collapse raising fears for thousands of elderly residents.

The care home giant is to appoint corporate undertakers at Alvarez & Marsal (A&M) to undertake the process.

The care home caters for 22,000 elderly residents across 322 homes however, the company has said operations will not be affected by the move.

The company has a mountain of debt totalling £525m, last year US hedge fund H2 Capital Partners who control Four Seasons ordered the sale of the company.

A&M will now attempt to sell Four Seasons Health Care.