Tuesday, January 21, 2020
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Bupa pilots meal planning software at retirement home

Bupa has completed a pilot with a tech start-up that provides food management and meal planning for residents at one of its retirement village...
Target delivers portfolio diversification with investments

Target Healthcare’s portfolio value grows 30%

The portfolio value of Target Healthcare REIT increased by almost a third during the year ended 30 June 2019. The value rose by 29.9% to...

CareTech invests in mental health services in the UAE

CareTech International Ltd - a wholly owned subsidiary of CareTech Holdings Plc – has invested more than £7m in a private outpatient mental health...

Buyer sought for Priory homes as revenues rise

The US owner of the Priory Group is looking for a buyer of its nursing home business in the UK. In a conference call about...

Impact agrees £25m credit facility

Impact Healthcare REIT has agreed a new revolving credit facility worth £25m with Clydesdale Bank. The facility will help the real estate investment trust to...

Regard Group and CMP merge

The Regard Group and Care Management Group (CMG), which are both owned by investment manager AMP Capital, have merged. AMP bought CMG in December following...

Leonard Cheshire offloads 16 residential services  

Leonard Cheshire has sold 16 residential services to Valorum Care, for an undisclosed sum. Services that have been transferred are Alne Hall, Beechwood, Champion House,...

Ashley House offloads its stake in Morgan Ashley Care Developments

Ashley House has sold its 50% interest in Morgan Ashley Care Developments LLP for £2m to its joint venture partner Morgan Sindall Investments Ltd...
Impact to raise at least £25m

Increased occupancy helps improve Somerset Care results

Somerset Care’s financial performance has ‘significantly’ improved due to residential occupancy, new contracts and cost efficiencies. Residential care occupancy grew to 86.5% in the year...

ResI REIT enters the housing with care market

UK-based REIT Residential Secure Income plc (ResI) has carried out its first acquisition, buying 1,341 retirement properties for £100m. The acquired portfolio is concentrated in...