Castlebeck sale on the cards?

Rumours spread throughout the care sector last month that Castlebeck, which is still reeling from the Winterbourne View scandal, is for sale (CCMn July 2011). Reliable sources informed CCMn that Castlebeck is on the market and advised that it is in the process of selling off its Young Foundation’s arm and its Mental Health Care homes in north Wales. There were early indications that Castlbeck was for sale in July (CCMn July 2012). At the time a spokesman refused to confirm or deny a sale and said: With supportive stakeholders and the advice and oversight of external regulators and other bodies we are continuing to reshape the business and fulfil the commitment to reform Castlebeck we made earlier in 2011. A number of well known and respected independent business advisory firms have been working with the company on this process since 2011.’