Four Seasons Health Care has announced the sale of its remaining 29 care homes in Northern Ireland.
The deal, which follows the sale of 14 care homes in July, has been agreed with Beaumont Care Homes as part of Four Seasons’ restructuring programme.
The agreement, which is valued at around £36m was announced in a trading update by Four Seasons yesterday.
In its trading update, Four Seasons reported group EBITDA of £23.2m in FY 2021, down by £8.6m on FY 2020.
FY 2021 turnover was £9.5m higher than FY 2020, after adjusting for revenue from homes closed, sold or migrated.
Commenting on the deal to sell Four Seasons’ remaining homes in Northern Ireland, Alan Perry, GMB Organiser, said: “GMB welcomes this news on the transfer of the homes to new provider Beaumont Care Homes.
“This sale will provide much-needed security to residents and their families.
“Our members in these homes have faced uncertainty over the past two very challenging years.
“They never forget where they work are the homes of the people who live there.
“This security means they can now concentrate on providing the excellent care we know they deliver every day.”