Four Seasons: for sale

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Four seasons healthcareFour Seasons Healthcare, the heavily indebted UK care homes company, is set to be sold, after its lenders failed to agree to a restructuring process for the group, which looks after 15,000 people in 400 homes.

The decision to move towards a sale was triggered late on Monday evening, when the requisite number of the company’s lenders failed to agree to a debt-for-equity swap that would have restructured £1.5bn ($2.4bn) of debt.

  1. code-blue said on November 2nd, 2010 at 2:33 pm

    What date was this posted?

  2. code-blue said on November 2nd, 2010 at 2:41 pm

    Have found my answer – July 2009 archive :-)

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