Care home jobs 'safe' despite debts crisis
Staff and residents have been assured over the future of a care home despite a row engulfing its owners.
Meadowbrook Care Home in Gobowen is operated by Four Seasons, which is trying to avoid administration as its main lender and private equity owner clash in a £136 million tug of war.
A legal row has erupted over whether 24 care homes are part of Four Seasons.
US hedge fund H2 Capital, which owns most of Four Seasons’ £525million bond debt, claimed it had control of the assets, which were bought by Terra Firma in 2014.
But private equity firm Terra Firma, which has ownership of Four Seasons has rejected this.
The 24 extra care homes were purchased separately and it is argued they are not part of four seasons.
As the dispute continues Four Seasons have assured the 78 staff and 46 residents at Meadowbrook that they are safe.
A spokesperson for Four Seasons said: "Negotiations in respect of the capital and share structures at the top level of the organisation should not directly have any impact on our residents and staff and the day to day operations of our homes and hospitals.
"It is in everyone’s interests to preserve the underlying value of the operating business."
The financial row is a complex situation, and Four Seasons have also said they are committed to finding a solution, and are working with the Care Quality Commission.
A spokesperson added: "Whilst conversations continue between stakeholders, the focus remains on providing high quality care to our residents and patients working closely with the Care Quality Commission and other national regulators in order to ensure that day to day operations continue unaffected."
Earlier this year the home was the recipient of a damning report from the Care Quality Commission and it was found to inadequate.
It was said that ants were found on a dining room table in the home.
Four Seasons apologised at the time and said it had reviewed staffing to meet the needs of residents in a timely way.
