Care home operator goes into administration with 381 jobs at risk
ADMINISTRATORS have been appointed to a group of care home operators, with 381 jobs at risk.
The group owns and operates five elderly care homes caring for around 350 residents, as well as a residential development in Bishop Auckland.
Administrators from Deloitte, Daniel Smith and Adrian Berry (also R3 chairman for Yorkshire & Humber) have been appointed to Care Investments (UK), Regents Investments Holdings, Care Property Investments, Sycamore Care and Prokwest, all part of the same group.
Sycamore Care counts Dawood House in Doncaster, Sycamore House in Hull, Cambron House in Rotherham and Tancred Hall Nursing Centre in Green Hammerton, York, amongst its homes, as well as Morris Grange Care Home in Richmond.
The Care Quality Commission designated four of the homes as ‘good’, with only Morris Grange requiring improvement.
The administrators are looking for a buyer for the homes whilst engaging Careport Advisory Services to assist with the day-to-day management of the care homes.
Daniel Smith, joint administrator and partner in Deloitte’s Restructuring Services practice, said: “I am keen to stress that our approach will be one of ‘business as usual,’ aiming to ensure operations at the care homes remain unchanged and unaffected. We will, to the extent possible, seek to invest in the portfolio during the period of administration trading in order to enhance levels of care and amenity.”
“We will be conducting a detailed review of the business and will work closely alongside Careport and the key stakeholders to ensure that long-term financial viability is restored to the business. At the same time, we will work with the Care Quality Commission, Local Authorities, Department of Health and other regulatory and trade bodies to maintain the very highest standards of care.”
If any residents’ families or employees have any concerns, Deloitte have set up the following helpline and email address:
Relatives Helpline: 07775 783562
Relatives Mailbox: philippa.williamson@careport.co.uk
