Wednesday, April 24, 2019

McCarthy & Stone posts plummeting pre-tax profit

Continuing uncertainty and challenging market conditions dented half-year results at retirement housebuilder McCarthy & Stone, which posted a 66% drop in pre-tax profit. In the...

Sodexo buys The Good Care Group

French service provider Sodexo has purchased The Good Care Group as part of its continued expansion into the UK homecare sector. Investment partner BGF, which...
Agincare considers viability of contracts despite rising profit

Agincare considers viability of contracts despite rising profit  

Agincare could exit from certain ‘geographical areas or service provision’ as it continues to assess the long-term viability of its contracts. Despite reporting rising turnover...
Abbotsford House Luxury Suites

Hamberley buys Abbotsford House Luxury Suites

Boutique care home operator Hamberley Care Homes has purchased Abbotsford House Luxury Suites for an undisclosed sum. The home in Milngavie, East Dunbartonshire, was bought...
Diversification proves positive for Impact Healthcare

Diversification proves positive for Impact Healthcare

Tenant diversification helped boost pre-tax profit by 73.6% to £16.5m (2017: £9.5m) at Impact Health REIT, its full year results have shown. The investor acquired...
Impact to raise at least £25m

Self-funders help drive revenue growth at Care UK

New homes and an increase in self-funded residents helped revenue grow £25.8m at Care UK’s residential care services division. The group’s mature estate also delivered...
Fee rises boost MPS Care turnover

Fee rises boost MPS Care turnover

Rising average fees and a new care home helped MPS Care Group post growing turnover of £16.5m (2017: £15.9m) for the year ended 30...
Civitas in deals worth more than £85m

Civitas signs deals worth more than £85m

Civitas Social Housing plc has bought 19 social housing properties comprising 266 tenancies for £73.5m and exchanged contracts on two further premises for £12.1m. Completion...
Profits slide after tough regulatory year for Runwood Homes

Profits slide after tough regulatory year for Runwood Homes

Profits slipped at operator Runwood Homes after an ‘unprecedented’ number of inspections and subsequent suspensions were placed on its care homes last year. Its financial...
Losses balloon at Tunstall Healthcare

Tough trading environment leads to static UK revenue at Tunstall

Challenging trading conditions led to static UK revenue at Tunstall Healthcare Group Ltd but the pipeline for new opportunities remains strong, its financial report...