Who Says Money Doesn't Care? ; Britain Is Getting Older and Private Equity Firms Are Cashing in, Buying and Seling Nursing Homes Whose Income Seems Assured for Years to Come. but Do Finance and Vulnerable People Make Easy Bedfelows?

Fortson, Danny, The Independent on Sunday (London, England)

Buyout firms and nursing homes. It's a pairing that can lend itself to morbid humour. Like the quip doing the rounds now on the eight-month pounds 1.4bn auction of Four Seasons Health Care, the nation's number two nursing homes group. It has gone on for so long, the jibe goes, that the prospective bidders are dying of old age.

Poor taste perhaps, but Four Seasons is a prime example of the extent to which private equity has transformed the nursing home sector in just a few years, and what the growth of companies like it means for the UK's elderly and other patients in need of constant care.

The top two nursing-home groups - Southern Cross, owned by private equity …

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Publication information: Article title: Who Says Money Doesn't Care? ; Britain Is Getting Older and Private Equity Firms Are Cashing in, Buying and Seling Nursing Homes Whose Income Seems Assured for Years to Come. but Do Finance and Vulnerable People Make Easy Bedfelows?. Contributors: Fortson, Danny - Author. Newspaper title: The Independent on Sunday (London, England). Publication date: August 6, 2006. Page number: 7. © 2009 The Independent on Sunday. Provided by ProQuest LLC. All Rights Reserved.

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