-3x Short China Regulatory News (SCHE)

10 Dec 2007 07:01

Southern Cross Healthcare Grp PLC10 December 2007 Board Change Monday, 10 December 2007 - Southern Cross Healthcare Group PLC (LSE: SCHE)('Southern Cross' or the 'Company'), the UK's largest care home operator, todayannounces the appointment of Nancy Hollendoner as a non-executive Director witheffect from 1 January 2008. Nancy previously worked as a healthcare analyst for a number of years, mostrecently having worked for UBS investment bank between 1996 and 2002. Nancyserved as a non-executive Director of NHP plc between 2003 and 2005 and iscurrently engaged as a senior advisor on the healthcare market to HawkpointPartners Limited. Commenting on the appointment, William Colvin, Chairman of Southern Cross, said:"Nancy's appointment will significantly strengthen our Board of Directors. Shebrings a blend of sector experience and knowledge and I am confident that shewill make a valuable contribution to Southern Cross." There are no further details to be disclosed under the Continuing Obligationsprovisions of the Listing Rules (new rules LR9.6.13). Enquiries: Southern Cross Healthcare Group PLC +44 (0)1325 351100William Colvin, ChairmanGraham Sizer, Finance Director Financial Dynamics +44 (0)20 7831 3113David Yates / Emma Thompson About Southern Cross Southern Cross is, in terms of number of beds, the largest UK provider of carehome services for the elderly and a major provider of specialist services forpeople with physical and/or learning disabilities. The Company's care homes forthe elderly operate under two distinct brands: Southern Cross Healthcare andAshbourne Senior Living. Both brands provide a range of social and personalcare services and nursing care services for elderly people with physicalfrailties and differing forms of dementia. The Company's specialist servicesoperate under the Active Care Partnerships brand and provide long-term careservices for people with physical and/or learning disabilities and for youngerpeople with complex forms of challenging behaviour. Southern Cross is focused on providing high quality care in well investedfacilities, seeking to be the home of choice in each local community in which itoperates. The Company provides care services for most of the local authoritiesin the UK which, together with the NHS, represent over circa 70% of theCompany's revenues. Its care home portfolio is largely purpose-built with ahigh percentage of single occupancy rooms and rooms with ensuite bathrooms.Occupancy levels in its core elderly segment are consistently in excess of 90%. This announcement includes statements that are, or may deemed to be, "forwardlooking statements". These forward looking statements can be identified by theuse of forward looking terminology, including the terms "believes", "estimates","plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparableterminology. These forward looking statements include matters that are nothistorical facts and include statements regarding the Company's intentions,beliefs or current expectations concerning, among other things, the Company'sresults of operations, financial condition, liquidity, prospects, growth,strategies and the outlook on the care home industry. By their nature, forwardlooking statements involve risk and uncertainty because they relate to futureevents and circumstances. This information is provided by RNS The company news service from the London Stock Exchange