Bloomberg News

Bondcare Plans Bid for Four Seasons Health Care, Sky Says

April 21, 2012

Bondcare Group, a U.K. care-home provider, plans to bid for Four Seasons Health Care Group Ltd., Britain’s largest nursing home operator, Sky News reported.

Four Seasons Health Care, which is controlled by lenders including Royal Bank of Scotland Group Plc (RBS), has asked bidders to submit offers by early next week and may be sold for as much as 900 million pounds ($1.5 billion), Sky News reported on its website, without saying where it got the information.

Deutsche Bank AG, Gleacher Shacklock and Rothschild are advising Four Seasons Health Care, Sky News said. None of the parties involved in the auction was available for comment, Sky News reported.

Melanie Smith, a spokeswoman for Bondcare, declined to comment when called by Bloomberg News.

To contact the reporter on this story: Michael Patterson in London at mpatterson10@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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