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Update on CQC’s financial monitoring of Four Seasons
Today (Thursday 14 December) Four Seasons Health Care and H/2 Capital Partners announced that they have reached a standstill agreement in relation to Four Seasons' December interest payments.
Andrea Sutcliffe, Chief Inspector of Adult Social Care at the Care Quality Commission, said: "The Care Quality Commission has been consistently clear that people using any adult social care service, their families and carers, should be able to expect that the service will provide good quality care which can be sustained into the future.
"CQC is encouraged to see that a standstill agreement has now been agreed. As today’s announcement acknowledges, this is the first step towards a successful restructuring. Through our Market Oversight function, we will continue to closely track progress with the ongoing restructuring discussions until such time that they are satisfactorily concluded. Our Market Oversight regulatory responsibility is to advise local authorities if we believe that services are likely to be disrupted as a result of business failure.
"I would like to confirm at this point in time we do not believe that services are likely to be disrupted as a result of business failure."
- Last updated:
- 15 December 2017