Property sales compensate for drop in occupancy at LifeCare

CGI of Grove Place nursing home

Proceeds from property sales at LifeCare Residences compensated for a drop in occupancy at its nursing home operations. Turnover at its UK operations remained steady at £10.2m (2020: £10.4m) last year, while it posted a pre-tax profit of £200,000 (2020: £9.3m loss). EBITDA grew to £2.9m, which was up from -£6.5m the year previous, while…

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