Dr Chai Patel will retire as chairman of care home provider HC-One at the end of October.
Patel, who will continue to be an active investor and substantial stakeholder in the company, founded the operator in 2011, serving as chairman throughout its history and also as its chief executive between March 2015 and September 2017.
The company intends to fill the role of chair with an experienced UK based non-executive chairman.
In September, Patel will turn 65 years-old, and plans to spend more time with his family.
‘No challenge in my career was more daunting than the turnaround of Southern Cross and the creation of HC-One,’ said Patel. ‘Southern Cross was a company in crisis with thousands of vulnerable elderly people at risk of losing their home, and thousands of jobs also on the line.
‘I founded HC-One to deliver the kindest care in the UK and I am so proud of what we have achieved,’ Patel continued, ‘I want today to thank publicly every single member of staff with whom I have worked since 2011. Kind care depends on those who deliver it and I have been humbled by the dedication of my colleagues every day since HC-One began.
‘I am sad to be leaving, but no person can carry on forever. My sadness is countered by the joy that I feel at HC-One being in an excellent place. I am thrilled with everything that has been achieved. We have an established and settled leadership, a clear vision and well-developed plans to invest in our colleagues, homes and technology,’ Patel concluded.
Justin Hutchens, HC-One chief executive, said: ‘My colleagues and I look forward over the coming months to thanking him and suitably marking his retirement.
‘I share Chai’s confidence in this management team as we move forward from a position of strength to continue to deliver on our promise of kindness.’
In 2011, care home operator Southern Cross was forced to transfer the ownership of its 752 care homes after it ran into financial problems.