Castlebeck Group
In 2013 Castlebeck was "bought by fellow learning disability provider Danshell in a deal that will protect 850 jobs and that is designed to save the former Winterbourne View owner’s 20 services. The deal comes six months after Castlebeck went into administration after building up debts of over £250m that it could no longer service. This came almost two years after the organisation was rocked by the exposure of abuse of people with learning disabilities at Winterbourne View, a hospital in Bristol that subsequently closed." [1]
In 2012 an article noted: "Restoring Castlebeck's good name may seem like mission impossible, but Sean Sullivan has been giving it his best shot. He is a "business turnaround" specialist, brought in last November at the instigation of what he calls the company's stakeholders – taken to mean not only its owner, Lydian Capital Partners, an investment club for entrepreneurs including Irish tycoons John Magnier and JP McManus, but also the banks that largely funded the purchase of Castlebeck six years ago...Another endorsement comes from Sukhvinder Kaur-Stubbs, a trustee of the Social Care Institute for Excellence, who has joined Castlebeck as a paid independent non-executive director. " [1]
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References
- ↑ Castlebeck sold to fellow care provider, saving 850 jobs, communitycare, accessed May 24, 2015.
