Business

Outcomes First Group and Options Group are to merge to form one of the largest specialist care and education provider in the UK. The combined...

Mears Group reported a 5% rise in revenues but pre-tax profits dropped by 12.5% in the year ended 31 December 2015. Turnover stood at £881.1m,...

Not-for-profit care home operator Anchor Trust reported a 1.5% rise in revenues for the year ended 31 March 2015 from £265.8m to £269.8m. Of this...

Not-for-profit care home operator Anchor Trust reported a 1.5% rise in revenues for the year ended 31 March 2015 from £265.8m to £269.8m. Of this figure, £122.4m was from care home fees (2014: £121.9m) and £140m generated from retirement housing rents (2014: £134.9m). After deducting operating costs of £258.1m (2014: £247.5m), Anchor had an operating surplus of £11.7m, significantly less than the previous year’s £18.3m. The surplus for its retirement housing decreased by £1.5m to £28.2m (2014: £29.7m) with increased income from housing rent being offset by higher property maintenance costs, and higher depreciation costs. Its care homes, however, recorded an operating deficit of £0.2m, a decrease of £0.4m on 2014’s surplus of £0.2m.

Care home group Minster Care Management reported a 9.5% rise in revenues from £25.4m to £27.8m for the year end 31 March 2015.Cost of...

AIM-listed extra care business Ashley House enjoyed a successful six months ending 31 October 2015, returning to profitability. Its unaudited accounts show that revenues almost...

Country Court Care has secured funding to acquire eight care homes, five of which have yet to be built. Once operational, the business will...

High-end extra care business LifeCare Residences reported a sharp fall in revenue for the year ended 31 March 2015 from a restated figure of...

Problems with Cambian’s cost management processes has led it to downgrade its expected adjusted EBITDA for the year ended 31 December 2015 from more...

In what has been described as a ‘ground-breaking’ deal, specialist care provider CareTech has completed a £30m ground rent agreement with funds managed by...