Large rent reduction is key to Southern Cross survival | Mail Online
Britain's largest care home operator warned that it won't be able to survive in the long term unless it can negotiate a large reduction in its rent bill.
Southern Cross admitted current deals with its landlords are 'unsustainable' at a time of big cuts to local authority spending.
As councils place fewer vulnerable people in care, the group warned it is on course to break the terms of its bank loans.
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