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Date: Thursday 09 Oct 2008

LONDON (ShareCast) - Care home operator Southern Cross expects full year adjusted EBITDA to be in line with previous guidance and said it is scheduled to resolve its debt finance with its banking syndicate by the end of October.

The mature home occupancy rate as at 28 September was 90.5%. Including immature beds, new developments or refurbished homes that have been trading for less than 12 months, the occupancy rate is currently 89.9%.

The group said it is actively continuing its search for a new chief executive following Bill Colvin's resignation.

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