BUSINESS

Progress on rent deal boosts group's shares

Shares in Southern Cross Healthcare group soared after bosses held a meeting with the company’s landlords to sort out a deal over rent payments.

Shares in the cash-strapped Southern Cross Healthcare group soared last week, after bosses held a meeting with the company's landlords to try and sort out a deal over rent payments.

The share price rose by 28% to 12.75p, after it was announced that company bosses had met with 20 landlords, who own 92% of all the care homes.

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