Tuesday,s BBC Panorama programme highlighted serious abuse and appalling standards of care at Winterbourne View, a private hospital for people with learning disabilities.
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According to the Sunday Times Southern Cross plans to raise £100 million of new equity, close 200 care homes and change its name, the Sunday Times reported, without revealing its sources
England's care home regulator has a staff shortage of nearly 300, including some 133 inspectors, it has said.
The whistle-blower at the centre of an abuse investigation at a care home near Bristol is setting up a website to help people in a similar position.
After the Care Quality Commission last week found that three health trusts had broken the law with regards to the treatment of older people, today, two further NHS trusts have been criticised for not feeding elderly patients properly.
Hundreds of thousands of older people in England who need social care are not getting any support from the state or private sector, campaigners say.