Nov 07, 2005

Ashbourne Care Homes Acquired by Southern Cross

November 7, 2005

Southern Cross Healthcare Group has completed the acquisition of the leasehold interest of the Ashbourne Group of care homes. Totalling circa 10,000 beds in 193 homes, this acquisition adds materially to the Southern Cross Group.

The enlarged company now operate some 573 care homes providing 29000 beds with further growth anticipated in both our core elderly and specialist care divisions. Southern Cross is now the largest national provider of long term care services.

Philip Scott CEO said, “We are delighted with this acquisition. Ashbourne has a reputation for the provision of quality healthcare services and as a result these homes will add to the quality service already provided by the Southern Cross homes portfolio. This acquisition is very good news for our residents, our staff and the investor group that have supported our growth aspirations. We look forward to working with local authorities and commissioners of service throughout the country believing that we can offer a range of healthcare solutions in many communities in which are homes are located.”

Rozelle Care Homes

Southern Cross has confirmed the acquisition of five excellent care homes in Scotland.

Philip Scott said ‘The Rozelle homes enjoy an excellent reputation for services. With a total of 292 beds, this acquisition ensures that the Southern Cross Group remains the foremost provider of elderly care services in Scotland’

We warmly welcome both residents and staff to the Southern Cross family.