Rescue deal for care home provider on brink of collapse

A £350m deal to sell a chunk of Four Seasons’ care homes has collapsed. The parent companies of Four Seasons fell into administration earlier this year. Hedge fund H/2 Capital Partners, which had been a key lender to the business, was planning to buy around 185 of the 320-strong estate. But last night (24 October) the administrators, Alvarez & Marsal, said details of the agreement had not been met. Martin Healy, chairman of Four Seasons, said last night: “All parties remain in constructive discussions. “The priority of everybody involved remains entirely focused on continuing to provide high quality care for our residents and patients in this next phase of the restructuring.”   To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette