Corporate Update (4793N)

TIDMSCHE

RNS Number : 4793N

Southern Cross Healthcare Grp PLC

01 September 2011

Thursday 1 September 2011

Southern Cross Healthcare Group PLC

("Southern Cross", "the Company" or "the Group")

Corporate Update

Southern Cross announces that it has reached agreement with its lenders on an extension to its banking facilities until 14 September by which date it is anticipated a longer term agreement will be in place. This further extension, accompanying the rent concessions by Landlords who have deferred rent payments due in September, will provide support for the restructuring process under which it is planned to transition homes to new operators nominated by Landlords, at the same time ensuring continuity of care for residents.

-Ends-

Enquiries:

 
Southern Cross Healthcare Group 
 PLC                                    +44 (0)1325 351100 
Amy Kroviak, Corporate Communications 
 
 
 
 
Financial Dynamics             +44 (0)20 7831 3113 
John Waples / Ben Brewerton

This information is provided by RNS

The company news service from the London Stock Exchange

END

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