HC-One has announced the retirement of its founder, chairman and former chief executive Dr Chai Patel.
Dr Patel founded the care home operator in 2011 and will continue to be an active investor and substantial stakeholder in the company following his retirement on October 31. Initially running 241 care homes and employing 14,000 staff, HC-One has grown to become the largest elderly care provider in the UK, now operating 329 care homes and employing over 23,000 staff today.
HC-One said it intends to fill the Chairman role with an experienced UK-based non-executive chairman. Dr Patel said: “In September 2019 I will be 65 years old. It will be the right time for me and my family for me to step back from my role as Chairman in this amazing business.