Occupancy bouncing back at Somerset Care
Occupancy at Somerset Care has returned to its highest level since mid-2020, shortly after the beginning of the pandemic.
By October, care home occupancy had...
Staff availability impacting growth at Voyage Care
Rises in fees helped revenue growth at Voyage Care but continued workforce challenges resulted in falling EBITDA, quarterly results showed.
Revenue in the three months...
Margins hit at Radis Community Care despite growing revenue
Growth in extra care provision and acquisitions in supported living helped pump up revenue 24.6% at Radis Ltd but margins were hit due to...
Triple Point completes initial share buyback programme
Triple Point Social Housing REIT has completed its initial share buyback programme of £5m.
Managed by Stifel Nicolaus Europe Ltd, between 20 April and 12...
Cornerstone agrees refinancing deal with Virgin Money
Cornerstone Healthcare Group has agreed a £12.75m refinancing deal with Virgin Money.
The transaction supports Cornerstone’s growth plans and comes as it completes its first...
Birchgrove expands footprint with £36m Mill Hill development
Birchgrove has strengthened its London footprint with the acquisition of its ninth development.
The 60-apartment community in Mill Hill, which has been built on the...
Swanton well positioned to meet care sector challenges
Successful tenders helped grow revenue and EBITDA at Swanton Care and Community, with the group ‘well positioned’ to meet challenges the industry faces.
Financial results...
OakNorth supports Lovett Care with loan for development
OakNorth Bank has provided a loan to Lovett Care to support the development of a care home in Northern Moor, Manchester.
The site will consist...
Cinnamon Care Collection secures £23m refinancing
Cinnamon Care Collection has secured a £23m funding arrangement from Leumi UK, increasing facilities with the lender to £42.5m.
In addition to Lakeview Grange in...
Losses at Cambian Group continue as revenue rises
Revenue at children’s services provider Cambian Group grew 7.6% to £196m in the year ended 31 December 2017 (2016: £182.1m), helped by a rise...
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