CareTech performance ‘broadly in line’ with expectations

CareTech positive over fee rises
Farouq Sheikh, CareTech’s executive chairman

The Omicron variant of Covid-19 in December led to challenges around staff absenteeism with lower than targeted occupancy and higher agency costs at CareTech. Despite the challenges, the operator’s performance was ‘broadly in line’ with board expectations, it said in a pre-close trading update for the half-year ended 31 March 2022. Covid-19 costs were partly…

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