Depressed results from Ashley House

Health and community care property specialist Ashley House plc has announced depressed’ profits for the six months ended 31 October 2014 as it funded its extra care business.

Minster experiences revenue rise

Care home operator Minster Care Management Group reported a rise in revenues from £23.9m to £25.4m for the year ended 31 March 2014.Taking into...

Target Healthcare to release more shares

Target Healthcare REIT has announced plans to place up to 25m shares to raise funds to boost its property portfolio.The directors said that it...

Turnover down and surplus’ up at Housing & Care 21

Turnover dropped at Housing & Care 21 from £222m to £218.7m for the year ended 31 March 2014. After costs of £200.6m (2013: £211.2m) were...

HC-One acquires Meridian Healthcare

HC-One has acquired Meridian Healthcare in deal that will see the transfer of its 30 homes in the north of England to the operator...

Occupancy boosts TOSJCT’s profits

Charitable operator The Orders of St John Care Trust experienced a rise in revenues from £95m to £99.6m in the year ended 31 March...

Solid results for on-the-market Meridian

Currently up for sale, the year ended 31 March 2014 was a steady one for Meridian Healthcare (Holdings) Limited. Revenues roses marginally from £32.5m...

Four Seasons implements £40m credit agreement

Four Seasons Health Care has implemented the changes to its revised £40m corporate credit facility, which it agreed with its banks at the end...

Executive Care Group sold

So-called ‘vulture fund’ Monarch Alternative Capital (Europe) Ltd was involved in the acquisition of Executive Care Group at the end of last year through...

Occupancy boosts TOSJCT’s profits

Charitable operator The Orders of St John Care Trust experienced a rise in revenues from £95m to £99.6m in the year ended 31 March 2014. After resources expended from its care operations of £93.4m (2013: £90.2m) and governance costs of £3.6m (2013: £3.1m) were deducted, the charity achieved a net income for the year of £2.6m (2013: £1.8m).