8 February 2012
Last updated at 12:15 ET
Thousands of elderly people depend on Four Seasons care homes
The UK’s largest care home provider, which bought many of the Southern Cross properties, has said it is in talks to raise money to pay its debts.
Four Seasons must pay back £780m of debt this September but has said it is unlikely to be able to raise that much again from lenders.
Instead it has entered talks with investors to try to attract new investment of up to £250m.
The GMB union has warned the company may face ongoing financial difficulty.
The group looks after 20,000 people and employs 30,000 staff across around 500 properties.
“We warned back in the autumn [when Southern Cross was sold] that there was a great risk that residents and staff were jumping from the frying pan into the fire,” the GMB’s Justin Bowden told the BBC.
However the company
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