Britain’s Hard Lessons From Handing Elder Care Over to Private Equity ...Middle East

LONDON — A little over a decade ago, Four Seasons Health Care was among the largest long-term care home companies in Britain, operating 500 sites with 20,000 residents and more than 60 specialist centers. Domestic and global private equity investors had supercharged the company’s growth, betting that the rising needs of aging Britons would yield big returns. Within weeks, the Four Seasons brand may be finished. Christie & Co., a commercial real estate broker, splashed a summer sale across its website that signaled the demise: The last 111 Four Seasons facilities in England, Scotland, and Jersey were on the market. Already sold were its 29 homes in Northern Ireland. Four S

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Britain’s Hard Lessons From Handing Elder Care Over to Private Equity ...Middle East

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