Guardian: Care Plan and Guardian View

guardian: The Guardian understands that several potential buyers have expressed an interest in the business, which administrators said they hoped to sell before the end of the year, according to The Guardian. The Guardian view on a new social care plan too little, too late Editorial Read more But Four Seasons' financial failure has raised questions about the long-term future of a firm that has struggled badly under successive owners, Guernsey-based private equity group Terra Firma and Qatar's sovereign wealth fund. Four Seasons and the sector's regulator, the Care Quality Commission, said they did not expect any disruption to residents' lives, nor the closure of any of its 322 homes, which employ 22,000 people. Industry experts said it could now be taken over and broken up by its largest lender, H/2 Capital Partners, a little-known US property investment group that effectively controls the business. Barbara Keeley, the shadow minister for social care and mental health, said The fragility and instability in the care sector is an inevitable consequence of years of underfunding by the Conservative government, but the real price of this instability and underfunding is now being paid by the 17,000 older people in Four Seasons care homes and their families who face an uncertain future. Labour criticised the government's handling of the ailing social care sector and questioned the debt-fuelled business model that has become a common feature. (news.financializer.com). As reported in the news.