Wednesday, November 20, 2019
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City and County posts revenue and EBITDA growth

Increased presence through acquisitions and the development of private pay and live-in propositions helped grow turnover at City & County Healthcare Group. The group also...

Ashley House offloads its stake in Morgan Ashley Care Developments

Ashley House has sold its 50% interest in Morgan Ashley Care Developments LLP for £2m to its joint venture partner Morgan Sindall Investments Ltd...
Agincare considers viability of contracts despite rising profit

Shortages leads to agency staff use at Cornwall Care

A shortage of nurses led to greater use of agency staff at Cornwall Care, its annual financial report has said. The charity, which operates 16...

Higher levels of care leads to 8% growth in fees at Greensleeves

Average weekly fees grew 8.2% to £942 (2018: £871) at Greensleeves Homes Trust reflecting inflationary pressures and higher care needs of its residents. Fees rose...

Future of Four Seasons leasehold care homes remains unclear

The future of 135 Four Seasons leasehold care homes remains unclear despite H/2 Capital Partners buying the 185 freehold properties for £350m. The care home...
Aviva launches new private medical insurance service

Norse Care targets self-pay customers

Norse Care is targeting growth of 10% in private payer income through additional rooms it is adding to its portfolio. The provider of care homes...

Higher fees help drive up revenue at Barchester

Higher fee rates and an increase in occupancy helped drive up revenue by £30.1m at Barchester Healthcare, its results have shown. The provider, which has...

PegasusLife, Anthology and Renaissance Retirement merge

Property developers PegasusLife Group, Anthology and Renaissance Retirement have merged to create Lifestory. The company is being backed and funded by global investment manager Oaktree...

CMG and Regard rebrand as ‘Achieve together’

The combined organisation of Care Management Group (CMG) and The Regard Group (Regard) will be known as Achieve together from tomorrow (1 October). The two...

Healthcare Homes completes management buyout

Three members of the existing executive team at Healthcare Homes Group have completed a management buyout (MBO) for an undisclosed sum.  Gordon Cochrane, chief executive...