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Care homes face finance check

Care home owners will be forced to prove they are financially stable to avoid a second Southern Cross-style collapse, officials said. The Government is to implement a series of safeguards to prevent a repeat of the crisis.

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Care home owners to face financial checks

Care home owners will be forced to prove they are financially stable to avoid a second Southern Cross-style collapse, officials have said.

The Government is to implement a series of safeguards to prevent a repeat of the crisis.

Care and Support Minister Norman Lamb announced that the Care Quality Commission (CQC) will be able to monitor the financial health of the largest providers.

The abrupt collapse of Southern Cross, Britain's biggest care homes operator, caused turmoil for more than 30,000 elderly and vulnerable people in 2011.

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