NHP, the landlord for troubled care homes operator Southern Cross, has announced it will partner with Court Cavendish to set up an operating company to manage 249 homes.
“NHP has confirmed that at the end of the period of consensual restructuring, it plans to partner with Court Cavendish in the setting up of a new operating company for its homes”, said Southern Cross in a statement on 21 July.
“NHP has also said that it will continue to rely on the existing Southern Cross staff who manage its homes together with the back-office services delivered by the company’s existing infrastructure in order to ensure continuity of both care and operations”, the statement added.
Terming the development “very positive”, Jamie Buchan, the chief executive officer of Southern Cross said: “I look forward to working closely with NHP and Court Cavendish in order to ensure a professional and seamless handover of operations.”
The latest announcement from Southern Cross follows a statement from the care home operator in early July which said around 250 of its 752 care homes were being transferred to new operators.
NHP has agreed to keep on existing Southern Cross staff and announced it would retain £14 million of interest payment due this month along with another £14 million due in October to provide operating cash to the new provider.
“NHP has chosen Court Cavendish, one of the most experienced health and social care operation teams in the UK, to lead with us the new operating company that will, in time, take over its homes”, said Paul Thompson, director of NHP.
“Continuity of care in all the homes owned by NHP remains the number-one priority,” added Mr. Thompson.