Improvement in staff retention helps drive performance at Lifeways

Lifeways posted growing revenue and adjusted EBITDA despite reporting a drop in occupancy. Revenue growth on a pro-rated basis rose 9.5% and was driven by annual inflationary fee rises, while adjusted EBITDA rose 11.6%, reflecting improvement in staff retention and cutting agency use. The average number of support staff rose to 8,725 (18-month period 2023:…