Business

Anchor Trust reported a marginal drop in revenues from £267.5m (including £3.7m from discontinued operations) to £264.9m for the year ended 31 March 2013. Retirement...

High-end extra care village provider LifeCare Residences reported revenues of £14.4m for the year ended 31 March 2013, an increase of 39% on the previous year’s £10.4m. The vast majority of this income came from property leases (£11.9m) with the remainder generated through care services.

AIM listed health and community care property company Ashley House, which has diversified from GP and community health premises into extra care developments in...

Financial services group Legal & General has entered the care home property sector buying 13 facilities from Prestbury Investments for just over £70m.Currently leased...

Growth in the care home sector is likely to remain at the same pace as 2013, with transactional activity concentrated at the top and...

Care home property developer McCarthy & Stone reported increased losses for the year ending 31 August 2013 despite growing its turnover from £289.2m to...

Homecare provider Sevacare has announced it has been awarded five new contracts worth up to £10m.It has secured lead provider status for domiciliary care...

Outsourcing company and homecare provider MITIE has been awarded a three-year, £33m facilities management contract with Four Seasons Health Care.MITIE will deliver all planned...

Anchor Trust reported a marginal drop in revenues from £267.5m (including £3.7m from discontinued operations) to £264.9m for the year ended 31 March 2013. Retirement housing contributed £128.6m (2012: £124.3m) towards this figure and care homes £119.2m (2012: £117.4m). A further £5.4m was made from providing extra-care services (2012: £5.6m). Following costs of £246.7m (2012: £242.1m), the charitable provider recorded an operating surplus of £18.1m (2012: £25.5m). After taking into account a gain of £8.2m on the disposal of fixed assets (£3.7m) and £4.5m net finance costs (2012: £7.7m), a surplus of £21.8m was recorded (2012: £22.2m). During the report period, Anchor sold 13 properties at Denham Garden Village and a further seven at its The Laureates development, and has since said that all but a few’ properties have been purchased.

Supported living services accounted for the vast majority of incoming resources achieved by charity Alternative Futures Group for the year ended 31 March 2013. The...