urFears for the future of Four Seasons Healthcare have re-emerged following the collapse of a £350m deal to sell 185 freehold properties to leading creditor H/2 Capital, due, according to reports “certain conditions not being met”.
Alvarez & Marsal were appointed joint administrators of Four Seasons after its holding companies went into administration in April.
Martin Healy, Chairman of Four Seasons Health Care, said: “All parties remain in constructive discussions with a view to implementing a consensual restructuring of the group.
“The priority of everybody involved remains entirely focussed on continuing to provide high quality care for our residents and patients in this next phase of the restructuring.”
While fresh doubt has been on the future of the freehold estate, talks, in the interim are continuing with landlords over its 135 leasehold properties.
Four Seasons announced earlier this month that it had withdrawn its rent as part of negotiations with landlords.