HC-One was formed in 2011 following the collapse of the UK's then-largest nursing home operator, Southern Cross. HC-One's latest set of accounts say it is ultimately owned by FC Skyfall LP,  a limited partnership registered and incorporated in the Cayman Islands, and backed by private equity funds Formation Capital, Safanad Limited and Cavendish Court.

HC-One is a British healthcare management company,  and is the UK's third largest care home operator, specialising in residential, nursing and dementia care. It runs over 200 care homes in the UK, and has been at the centre of multiple abuse scandals. It also operates under the name Meridian Healthcare. Over 20% of its care homes are currently classed as Requires Improvement or Inadequate by the Care Quality Commission.

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