Those familiar with the line "because he's worth it" will be interested in the windfall that is about to blow into the lap of Care UK chairman John Nash.
Nash, as head of the care provider that featured in a less-than-flattering edition of Panorama last year and suffered an embarrassing spate of contract cancellations, has just trousered £17m after recommending a takeover bid.
According to the aptly-named website This Is Money, four of Nash's senior colleagues also stand to cash in, thanks to their combined £3m holding.
Care UK is being acquired by private equity group Bridgepoint, which already has a healthcare portfolio in France and Finland.
But it doesn't look like the Care UK name is going away just yet, the deal being a management buy-out. The Financial Times reports that the provider plans to build 30 new homes within five years.
For John Nash and his senior colleagues, though, the line "nice little earner" springs to mind.
Leave a comment