Southern Cross given four months to solve funding crisis

The country's largest care home operator is working with its landlords and lenders to restructure it finances and secure its future. Southern Cross has 31,000 residents in its network of more than 750 care homes and the company's recent funding crisis has prompted fears that many would be evicted or left without suitable care. However, in a statement released today, Southern Cross said it work with its landlords towards a consensual solution to the company's current financial problems which will be delivered over the next four months. "This process will be overseen by a Restructuri...