Southern Cross Healthcare Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9270349 http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=9270349&action=detail Thu, 09 Feb 2012 16:05:00 GMT gmac11 tag:iii.co.uk,2003:tst.8830205 You need to be wearing leather welding gloves so you don't cut your fingers when things go pear shaped like they did here - resulting in a £500 loss, an expensive bit of fun but could afford to lose.

Today's falling knives I am looking at may help regain the SCHE loss - PFD at 5p and SBT at 37p. Maybe worth small punts to liven up the portfolio..

SJ By San Jaime ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8830205&action=detail Mon, 10 Oct 2011 17:07:00 GMT San Jaime tag:iii.co.uk,2003:tst.8813571 http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8813571&action=detail Wed, 05 Oct 2011 09:16:00 GMT Orchard Gate tag:iii.co.uk,2003:tst.8647545
http://www.youtube.com/watch?v=_bZjKC0EaY0


Care home crisis to leave thousands in hospitals
Sarah Coles
Aug 11th 2011 at 5:00AM

Filed under: Retirement

Government cuts could kill off a huge number of care homes altogether, leaving older people without savings languishing in hospital wards for months. This will have the dual impact of leaving vulnerable people in wholly inappropriate surroundings - and often in mixed wards - while keeping thousands of sick people from the urgent care they need.

This was the charge made by Bupa yesterday. So what is it so worried about, and what does it mean for you?


Falling fee income
Ray King, chief executive of Bupa drew attention yesterday to what he called a 'chronic underfunding' of the care homes system.

His issue is with those people in care homes whose places are funded by the local authority. The cost of keeping a person in a care home is rising, and those who pay privately are seeing prices rise well above inflation. However, meanwhile, local authority budgets are coming under tremendous pressure and they are refusing to pay increases in the cost of care. This year the average increase in the fees they are paying is 0.3%, which means that after inflation at 4.2% they are actually paying less each year.

The impact
The effect of this shouldn't be underestimated. After-all if you look at the people in Bupa's 3,000 homes, around 70% of them are paid for by the local authority. If the government doesn't pull its weight, many of these homes will have to close. On a more general level, around 50% of people in all homes are paid for by the local authority. And while some will be able to stay afloat by trimming their costs and charging more to private patients. Others will have no choice but to close their doors.

Bupa has estimated that as a result, 100,000 care home places will be lost within ten years. This is a tricky figure to estimate, so shouldn't be taken as an accurate prediction, but it clearly shows that something has to be done.

Bupa is calling on the local authorities to pay 'fairer fees'. However, it also pays for us to take some control of our own future. It's difficult to think of a time when we will need care, and it's easy to think we'll take the risk and assume we'll never need to be looked after. However, it's worth considering carefully what you would do if you were stuck in hospital in your older years without a local authority place in a home to go to. If you have the cash there's always an alternative: there's always someone who will have you if you can pay the bill. It's therefore worth thinking very carefully about what you can put aside now in order to pay the bills later.

But what do you think? Is the care home system in crisis? What do you plan to do in your old age? Let us know in the comments.

By popes11 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8647545&action=detail Fri, 12 Aug 2011 10:56:00 GMT popes11 tag:iii.co.uk,2003:tst.8637262
Really?

"Irish band Stiff Little Fingers, who were part of 'Rock Against Racism' movement, sang the anti-racism song 'White Noise'."

I kind interpretation is you don't know what you're talking about; less kind people might think you're willing to peddle any old lie because you think you hate some posters here. By Orchard Gate ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8637262&action=detail Wed, 10 Aug 2011 09:08:00 GMT Orchard Gate tag:iii.co.uk,2003:tst.8608911 You just gave yourself a Blue tick via one of your well known Aliases.

That is THE single saddest thing I have ever seen from you Kryppy - Have you no shame?

PS
Quoting the lyrics to SLF white noise album track - then defending same - is by any measure racist and was rightly removed by iii (as indeed you have been a few times and no doubt will be again).



By skint architect ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8608911&action=detail Wed, 03 Aug 2011 17:46:00 GMT skint architect tag:iii.co.uk,2003:tst.8608531 http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8608531&action=detail Wed, 03 Aug 2011 16:27:00 GMT Fearorgreed tag:iii.co.uk,2003:tst.8603078
Yes it looks nice but when I log on it's slow, slow, slow

I ain't got the time and I just have to draw the line

They’ve got a new look website but it should go go go.

By Orchard Gate ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8603078&action=detail Tue, 02 Aug 2011 12:55:00 GMT Orchard Gate tag:iii.co.uk,2003:tst.8574198
You know you’re plumbing the depths when having lost a debate about shares with another poster here you then resort to inventing things they are supposed to have said. So I made racist comments which have been removed like you admitted beating your wife and sleeping with your sister (which were also removed). We can both play that game matey but it’s not very dignified is it?
By kryptes ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8574198&action=detail Mon, 25 Jul 2011 11:14:00 GMT kryptes tag:iii.co.uk,2003:tst.8564070
I am sure plenty of people recall your racist posts from a few month back over on RBS, all removed by iii within hours.

Quite funny that I called you about 12 different things - yet you only object to one.......guess even you agree with the others. By skint architect ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8564070&action=detail Thu, 21 Jul 2011 16:55:00 GMT skint architect tag:iii.co.uk,2003:tst.8559350
Racist? Where? Don't think you should be hurling baseless slurs at people mate just because they got a share call right and you got it wrong. Otherwise people might think you're just a sad bad looser. By kryptes ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8559350&action=detail Wed, 20 Jul 2011 20:03:00 GMT kryptes tag:iii.co.uk,2003:tst.8548523 Statement from NHP, Monday 18TH July 2011

NHP can confirm that it has retained approximately £14m of imminently due loan interest payments in order to make provision for the working capital requirements of the new operating company that NHP expects to emerge at the end of the current consensual restructuring process being undertaken by NHP and Southern Cross taking place as part of the landlord and company led initiative announced on Wednesday June 15th, 2011.

NHP expects to make a similar retention in respect of its loan interest payments due in October 2011.

Capita, the Special Servicer representing NHP's lenders, has been made aware of the actions taken, and proposed to be taken, by NHP in this respect and has agreed to suspend its rights to make a demand for the shortfall in interest payments made by NHP in July 2011. It is expected that a similar agreement will be entered into with Capita in October.

In the view of NHP, any new operating company to emerge from the current situation has to have the necessary funding at its disposal in order to ensure investment in the provision of care to the required standards.

NHP can today confirm that Court Cavendish, the health and social care specialists currently retained as advisers to NHP, has provisionally accepted its invitation to join NHP in setting up this new operating company.

NHP intends therefore at the end of the agreed four month handover period, to create with Court Cavendish this new operating company in order to put its 249 homes onto a firm financial footing and to provide the certainty and continuity of care that all agree is crucial.

This new company will continue to rely on the existing Southern Cross staff who manage its 249 homes and the back office services delivered by Southern Cross's existing infrastructure to ensure continuity of care and operations.

NHP is committed to ensuring that moving forward, this new operating company, which will rent and operate out of the properties that NHP currently leases to Southern Cross, will be robust and not subject to the same financial uncertainty that has challenged Southern Cross over recent months despite the best efforts of management and staff.

It is envisaged that Court Cavendish will have a stake in the ownership of the overall business therefore removing one of the anomalies of the current structure and ensuring a further alignment of the interests of both the property company and the operating company.

Paul Thompson, NHP Director, said today:

"News of this course of action and the ring fencing of these sums is a very positive development for all those who currently reside in, or who have family residing in, homes owned by NHP.

"It is the start of a new era of stability, planning and good governance.

"We recognise the great concern and uncertainty caused by recent events, and hence are committed to doing all that it takes to ensure continuity of care. Lessons have to be taken on board from what happened at Southern Cross.

"We are very grateful to Capita, the Special Servicer who represents NHP's lenders, for the understanding manner in which they have responded to our retention of loan interest payments in order that we can create this new company with a stable foundation and a brighter future for those it supports.

"We have kept the Government fully informed of this latest development, and are looking forward in due course to the unveiling of a new operating company that will move forward with high quality care at the heart of everything it does. Working closely with the Southern Cross Management Team and other landlords remains crucial for the good of those who depend on the care provided out of our homes.

"NHP has chosen one of the most experienced health and social care operation teams in the UK, Court Cavendish, to lead with us the new operating company that will, in time, take over its homes. Continuity of care in all the homes owned by NHP remains the numb By skint architect ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8548523&action=detail Mon, 18 Jul 2011 16:52:00 GMT skint architect tag:iii.co.uk,2003:tst.8548328 http://www.prnewswire.co.uk/cgi/news/release?id=327605 By pks1702 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8548328&action=detail Mon, 18 Jul 2011 16:20:00 GMT pks1702 tag:iii.co.uk,2003:tst.8548260
752 homes under SX

240 homes going back to Bondcare and Four Seasons at thi stime the announcement said that after this the remaining homes had 80 landlords.

NHP have 249 - http://www.nhprops.co.uk/

Todays announcement that NHP are looking to run 249 homes SX currently does; using Court Cavendish as the potential vehicle.

This leaves circa 263 homes with 79 landlords.

If these properties have been purchased by investors over the years which SX have run and paid rent for they have a problem. Either run them themselves or pitch in with other operating companies that have the necessary infrastructure.

The registered provider will have to change meaning that Care Quality Commission will have to re vet any new registrants, not a problem for an operator with scale but for smaller landlords a headache. By pks1702 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8548260&action=detail Mon, 18 Jul 2011 16:12:00 GMT pks1702 tag:iii.co.uk,2003:tst.8547255
http://uk.finance.yahoo.com/news/NHP-take-back-Southern-Cross-targetukfocus-3919487042.html?x=0 By Global_sprinter ]]> http://www.iii.co.uk/investment/detail?code=cotn:SCHE.L&display=discussion&id=8547255&action=detail Mon, 18 Jul 2011 13:20:00 GMT Global_sprinter