BusinessPeople In BusinessSouthern Cross FD replaced

Southern Cross FD replaced

Troubled healthcare group appoints Richard Midmer to top finance job

Care home provider Southern Cross Healthcare has announced the immediate
departure of its finance director Jason Lock, as its share price continues to
plunge following news of a profit warning.

Lock, who was appointed to the role earlier this year, will be replaced by
Richard Midmer, previously finance director at NHP.

Shares in the nursing home group dropped 58.5 per cent to 130p after it
issued a profit warning and admitted it was unable to repay a £46m loan on time.

Southern Cross said local authority budgetary constraints and lower than
expected occupancy rates had contributed to its disappointing financial
performance.

Related Articles

Women in Finance ranking 2018

People Business Women in Finance ranking 2018

3m Alia Shoaib, Reporter
Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

10m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

10m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

10m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

11m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

12m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

1y Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

1y Stephanie Wix, Writer