Craegmoor Healthcare results

Craegmoor Healthcare, the UK’s sixth largest provider of long term care services, with 177 homes and 4,624 beds, reports revenues of £78m (£68.4m) and profit before tax of £0.5m (£5.2m) for 1999. Operating profit margin for the year before exceptionals was 16.3% (17.4%). There was an exceptional charge of £3.9m for impairment of fixed assets…