A shocking way to fund UK care homes | Nils Pratley

The Four Seasons Health Care crisis is mainly down to financial engineering gone wrong. Have we learned nothing?Why is Four Seasons Health Care, the country’s largest care homes operator, in financial difficulty? Why is the regulator, the Care Quality Commission, having to prod and cajole creditors to agree a standstill on debt repayments to prevent the business falling into administration? Why is this crisis happening only six years after the failure of Southern Cross, which at the time w