SCHE -3x Short China

TIDMSCHE

RNS Number : 2553Q

Southern Cross Healthcare Grp PLC

14 October 2011

14 October 2011

Southern Cross Healthcare PLC

("Southern Cross", or "the Company" or "the Group")

Completion of Second Wave of Care Home Transfers to New Operators

Southern Cross announces that, subsequent to the transfer of 250 care homes to new operators on 30 September 2011, a further 38 homes will transfer to new operators on 14 October.

The remaining homes are expected to transfer to new operators by the beginning of November.

Jamie Buchan, Chief Executive of Southern Cross, commented:

"With this second wave, 288 of our homes have now transferred to new operators and we expect to complete the process by early November when the final homes are anticipated to transfer. I would like to thank all those involved for their continued support in ensuring the seamless transition of homes to new operators, prioritising the continuity of quality care to all of our residents."

Enquiries:

 
Southern Cross Healthcare Group PLC       +44 (0)1325 351100 
Amy Kroviak, Director of Communications 
 
 
FTI Consulting                +44 (0)20 7831 3113 
John Waples / Ben Brewerton 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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