Southern Cross Healthcare

Last November Southern Cross’s owner, the private-equity firm Blackstone, completed its purchase of rival operator NHP for £563m, boosting Blackstone’s portfolio in the British care-home market to 450 properties. The larger Southern Cross Healthcare is led by chief executive Philip Scott and had sales of £157.8m in 2004. This caps a run of acquisitions at Southern Cross, including the purchase of 190 homes from its stablemate NHP in February this year. Blackstone is considering an eventual merger of the companies.

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Company details
Year2005
Rank184
CompanySouthern Cross Healthcare
ActivityResidential care provider
LocationDarlington
Sales £m157.8
Operating profit £m9.1
Main shareholdersBlackstone Capital Partners (>50%)
Staff6,601
Founded2002
Websitewww.schealthcare.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda