Sky News - The announcement, confirming a story first reported by Sky News, will see the group - a key player in the UK's social care sector - put up for sale.
Four Seasons, which has 253 residential and nursing care homes, serves about 17,000 residents and patients, employing roughly 20,000 staff. It is the biggest administration in the care home sector since Southern Cross collapsed in 2011. Professional services firm Alvarez & Marsal has been appointed to handle the administration of two of the business's holding companies that carry its debt. Four Seasons said the operating companies running its care home and hospital operations themselves were not in administration and continued to be run as normal...>>>