Financial pressures have forced one of the country’s biggest private home care providers to seek a rescue plan.
Allied Healthcare cited a “highly challenging environment” as the business, which cares for 13,500 patients annually, confirmed it is pursuing a company voluntary arrangement (CVA).
Struggling companies try to agree a CVA with creditors in a step to revive their fortunes while paying off debts – something the firm said would “not impact on the safe continuity of care”.
In a statement the provider said: “Allied Healthcare has been operating in a highly challenging environment for a sustained period of time, which has placed pressure on the company.
“As a result of these challenges, Allied Healthcare has taken the decision to pursue a CVA, as part of a prospective business plan that will ensure safe continuity of care across our UK-wide operations, place the company on a sustainable long-term footing, and maximise repayments to creditors.”
With 83 branches across the country, 8,700 employees and 150 local authority and other contracts, Allied Healthcare said there will be no redundancies or closures as a result of the CVA implementation.
The provider offers a range of services including end-of-life care, as well as home care visits for the elderly and those recovering from injury, or individuals with learning disabilities.
Allied said in the statement that it “remains business as usual” for employees and customers.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here