Guy Hands is in talks to sell 24 care homes to real estate investor Patron Capital Partners, Sky News has reported.
It said Hands’ Terra Firma Capital Partners was in negotiations to sell brighterkind in a deal worth more than £200m.
As reported in June last year Terra Firma won a court case against H/2 Capital Partners after an error by the US hedge fund’s lawyers in relation to 24 brighterkind care homes that sit in the Four Seasons Health Care Group portfolio.
brighterkind homes offer high-quality elderly care focused on self-funded residents.
As reported this week Four Seasons Health Care Group posted a growing pre-tax loss of £229.3m in 2018 (2017: £146.1m), its unaudited draft accounts show.
In April the holding companies of the group – Elli Finance (UK) and Elli Investments Ltd – appointed administrators following continued struggles with its debts.