Assurance given on Ilkley care home (From Ilkley Gazette)

Assurance given on Ilkley care home

10:10am Thursday 9th July 2009

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The financial problems of a company that owns an Ilkley care home will not affect the quality of the residents’ care, a spokesman has said.

Four Seasons Health Care could be sold after its lenders could not agree to a restructuring process for the heavily indebted group which looks after around 15,000 people in 400 homes.

The decision to move towards a sale was triggered earlier this week when a requisite number of the company’s debtors could not agree to a debt-for-equity swap.

The company owns the Hollycroft care home in Hebers Ghyll Drive.

The charities Age Concern and Help the Aged have expressed fears that the quality of care in the company’s homes might suffer from a financial squeeze resulting from efforts to solve the Four Seasons Heath Care’s debt problem.

A company spokesman said that this would not happen.

He said: “Four Seasons Health Care continues to perform well in its day-to-day operations with occupancy at record levels.

“It is confident that neither consensual restructuring nor a sale would have any impact on its day-to-day operations, its customers or its trade creditors.”

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