Saga moves to offload Allied Healthcare arm

first_img whatsapp Show Comments ▼ Saga moves to offload Allied Healthcare arm Express KCS More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share center_img Thursday 19 March 2015 9:53 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com whatsapp SAGA has appointed the investment bank Greenhill in a bid to speed up its attempt to sell off the public sector operations of Allied Healthcare.The move to offload the homecare and healthcare provider, first rep­orted by Sky News, comes amid the increased prospect of local authority budget cuts.Saga, a leading travel and financial services group for customers aged over 50, has owned Allied Healthcare since August 2011 when it purchased it for £107m.In January, Saga indicated its desire to offload the wing. In a statement it said: “The Allied Healthcare business focused on local authorities and the NHS do not fit with the Saga business model and the decision has been taken to divest this part of the business.”With growing pressure on local authority budgets, and billions of pounds of required savings laid out in Wednesday’s Budget, and uncertainty remaining over where cuts will fall, the investment bank has been brought in to conduct an auction of the assets. Saga, a FTSE 250-listed company, has suffered a shaky time since it floated on the stock market in May 2014. Yesterday, its shares ended down 1.69 per cent at 174p. Tags: NULLlast_img

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