Lancashire care provider seeks rescue plan after financial pressures
Financial pressures have forced one of the country's biggest private home care providers to seek a rescue plan.
Allied Healthcare, which has home care branches in Lancaster, Burnley, and Ormskirk, cited a "highly challenging environment" as the business as it confirmed it is pursuing a company voluntary arrangement (CVA).
The company, which cares for 13,500 patients annually, 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.
Allied also has branches in Liverpool and Warrington.