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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...
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
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 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 slipped at operator Runwood Homes after an ‘unprecedented’ number of inspections and subsequent suspensions were placed on its care homes last year.
Its financial...
Mears remains ‘highly selective’ with care bidding
Care revenue has fallen 13% at Mears Group as the company remains ‘highly selective in bidding’ for new work, while regularly revisiting existing activities.
Its...
Reshaping of aged care business hits UK results at Bupa
UK revenue and underlying profit both fell at Bupa last year as it reshaped its aged care business following the sale of 132 care...
HC-One reports £6.7m pre-tax loss
Care home operator HC-One has fallen into the red, its latest financial statement reveals.
The provider saw turnover rise 1.1% to £309m in the year...
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...
Target delivers portfolio diversification with investments
Target Healthcare REIT invested £81.8m in development assets and care homes during the six months to 31 December 2018, as it continued to diversify...
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