Sunday, May 22, 2022
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Spend on agency staff drops ‘significantly’ at MacIntyre Care

MacIntyre Care has cut its agency spend by 46% as it continues to ‘focus relentlessly’ on reducing levels of staff vacancies. The charity said ‘intense...

Norse Care posts rising revenue and EBITDA

Additional revenue from Norfolk County Council and the infection control fund helped Norse Care Ltd report growing revenue and EBITDA. Its latest financial results for...

Farming charity to sell care homes to Agincare and Stow Healthcare

Farming charity Royal Agricultural Benevolent Institution (RABI) is selling its two residential care homes in Suffolk and Somerset. Stow Healthcare, which operates six residential and...

Retirement Villages Group aims to maximise ‘new wave of interest’

The pandemic has provided a catalyst for interest in integrated retirement communities, with new applicants almost doubling at Retirement Villages Group (RVG). It said Covid-19...

Lifestory secures loans to fund six developments

Lifestory has closed two development loans of £90m that will help fund six later living sites in the UK. The two loans were provided by...

RLDatix acquires Quality Compliance Systems

RLDatix has widened its reach in care with the acquisition of Quality Compliance Systems (QCS). Together, the organisations will provide end-to-end governance, risk and compliance...
Kenneth MacKenzie, Target Fund Managers chief executive officer

Fundamentals remain strong despite lag in recovery, says Target

A lag in recovery of private-fee occupancy has led to some providers leaving ‘themselves stretched’, investor Target Healthcare REIT has reported in a trading...

Octopus Real Estate enters specialist care market as part of £100m deal

Octopus Real Estate has entered the specialist care market through an acquisition of six Hamberley Group assets. The properties are part of a £100m sale...
CareTech positive over fee rises

CareTech performance ‘broadly in line’ with expectations

The Omicron variant of Covid-19 in December led to challenges around staff absenteeism with lower than targeted occupancy and higher agency costs at CareTech. Despite...

Sheikh Holdings and CareTech talks at ‘advanced stage’

Extensions have been granted in relation to offers for CareTech following separate proposals from Sheikh Holdings and DBAY Advisors Ltd. On 13 April Sheikh Holdings...