MHA pauses on new developments

Profits slide after tough regulatory year for Runwood Homes

Methodist Care Homes (MHA) has halted plans for new developments as it focuses on building its cash reserves and improving existing properties. Despite its accounts showing the charity made a net income of £15.9m (2017: £12.3m) in the year ended 31 March 2018, the period resulted with slightly less cash than in 2017 because of…

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