Bondcare says business is ‘financially sound’

Care home operator Bondcare has denied claims it is experiencing financial difficulties, stating all its four operating companies are solvent. Reports in The Independent and The Observer earlier this month claimed the business was in trouble after it emerged one of its companies BC2 had been put into receivership with Ernst & Young in July. But the receivers told CCMn that the move to dissolve the holding company of Bondcare Nilerace was made to enable the directors to transfer this company, which manages 39 former Southern Cross care homes, to Healthcare Management Solutions (HCMS), which operates a number of care homes in the Midlands and Wales. A Bondcare spokeswoman said: Bondcare operates 35 care homes under four operating companies. 39 former Southern Cross nursing homes were operated by Bondcare under a fixed contract which expired at the end of September. This contract has now been passed to another provider. Bondcare’s remaining homes are operated by financially sound, private companies and our resources are focussed on providing high quality care for our residents.’

You must be a CM Subscriber to view this content.

Subscribe Now »