Wednesday, January 27, 2021
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£42m loan completed for retirement village

OakNorth Bank has completed a £42m loan to a retirement living investor for the development of a village in the South East. The 84-home scheme...

OakNorth completes loan for Macc Group care home

OakNorth Bank has completed a loan to operator Macc Group for the development of a care home in Solihull, West Midlands. The property will include...
Robert Kilgour hits out at care home spending inaction

Renaissance Care grows portfolio with acquisition

Robert Kilgour’s Dow Investments Plc has bought Ayrshire care home Malin Court for £1.1m. The 32-bedroom property has been bought from Malin Housing Association, a...

Impact completes deals as it diversifies into Northern Ireland

Impact Healthcare REIT has added six care homes comprising 370 beds to its portfolio, with a deal for three of the properties in Northern...

Aedifica invests £40m in a trio of care homes

Belgian healthcare REIT Aedifica has bought a portfolio of three purpose-built care homes for £40m to be operated by Excelcare. The three care homes are...

Nazareth Care Charitable Trust posts loss as occupancy is hit

Average occupancy in some care homes operated by Nazareth Care Charitable Trust was as low as 66%, its latest financial results have revealed. For the...
Profits slide after tough regulatory year for Runwood Homes

Friends of the Elderly reduces reliance on agency staff

Friends of the Elderly has reduced its reliance on agency staff by 27% due to better recruitment policies. Despite higher sickness among staff and periods...

CIC delivers rising income despite care home division challenges

Community Integrated Care (CIC) has increased income levels but its older people’s care homes division in England faced ‘another challenging year’. The division, which operates...

Somerset Care posts 37.5% growth in EBITDA

Growth in community hours, residential occupancy and cost efficiencies helped boost turnover and EBITDA at Somerset Care. The provider, which operates 27 care homes and...

Occupancy and fees help drive up turnover at Meallmore

Increased occupancy, fee rates and fill up of new homes has driven turnover at care home provider Meallmore. In its latest financial results for the...