A care home that was due to cease operating at the end of last month looks set to be saved from closure.
More than 23 residents were faced with relocating to other residential homes when Dinesh Patel, the owner of Red House, in Stamford, announced that he had no option but to close the home because it was “no longer viable”.
More than 40 staff also stood to lose their jobs.
And families voiced concern that their elderly relatives would have to move away from the area.
Earlier this month the Mercury reported that Mr Patel had announced a two-week reprieve while he was “desperately trying to find a buyer” for the home in Emlyns Street.
On Tuesday, at a Stamford Town Council meeting it was announced that Country Court Care, of Church Street, Market Deeping, had put in a bid to buy the home care home.
Owner Dinesh Patel, who has always said he would do “everything possible” to save residents the trauma of having to be moved, confirmed that negotiations were in progress with Country Court Care, of Church Street, Market Deeping.
He added: “We have not yet signed on the dotted line, but I’m confident there will be a positive outcome soon.”