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News in brief
Residential care property developer Castleoak has become the first corporate supporter of extra care representative body, The Associated Retirement Community Operators (ARCO).
Under the agreement,...
Care UK reports loss prior to disposals
Care UK Health & Social Care Holdings Limited reported a 10.4% rise in revenues for the year ended 30 September 2014.Turnover rose from £657.2m...
CareTech acquisition a Spark of Genius
Specialist care provider CareTech is to acquire Scottish childcare provider Spark of Genius for up to £9.2m, comprising £7.48m in cash and an earn-out...
NorseCare considers closing four homes
Local authority-owned operator NorseCare is consulting on closing four of its care homes in Norwich.The provider, wholly-owned by Norfolk county council, said that its...
CareTech reports EBITDA rise
Despite a slight drop in revenues, AIM-listed specialist care provider CareTech Holdings reported a £0.6m increase in underlying EBITDA to £14.5m in its unaudited...
HC-One posts large loss
Prior to its acquisition by Formation Capital, Safanad and Court Cavendish (CCMn November 2014), HC-One reported revenues of £314.6m for the year ended 30...
Acorn slides further into the red
Revenues rose by 1.7% for Acorn Care 1 Ltd but the specialist care and education business slid further into the red, its accounts for...
Sharp drop in turnover at Balhousie
Balhousie Holdings Limited reported a 21.5% drop in revenues from £37.6m to £29.5m for the year ended 30 September 2014. After deducting cost of...
L&G lends Sanctuary £50m
Legal & General (L&G) has agreed a £50m loan to Sanctuary Group over a 25-year term through its lending arm LGIM Commercial Lending Limited.
Secured...
Sevacare continues to grow
Domiciliary care provider Sevacare demonstrated significant growth in 2014, including major contract wins across the UK.
Its accounts for the year ended 31 August 2014...
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