Business

Homecare provider to the severely disabled, Complete Care pushed into profit for the year ending 31 March 2013 despite a fall in turnover. Turnover...

The Healthcare Management Trust (HMT), which operates two hospitals and four care homes, reported a strong 12 months for the year ending 31 December...

Increases in costs and expenses ate into the profits of specialist care provider Cambian Learning Disabilities its results for the year ending 31 December...

Domiciliary care franchise Bluebird Care saw turnover soar in the year ended 31 March 2013 from £2.7m to £4.2m. With relatively low overheads, the...

Supported living care providers Future Home Care experienced a rise in profits for the year ending 31 March 2013. Turnover increased from £16.7m to...

Sanctuary Care experienced an 18.7% rise in revenues from £64.8m to £77m for the year ended 31 March 2013. An operating profit of £8.3m...

High-end care home provider Willowbrook Healthcare has been acquired from Graphite Capital in a management buy-out backed by Health Care REIT. Willowbrook was established in...

Care UK Health and Social Care Holdings reported a 9.4% increase in group turnover to £487.5m for the year ending 30 September 2012 (2011:...

Sanctuary Care experienced an 18.7% rise in revenues from £64.8m to £77m for the year ended 31 March 2013. An operating profit of £8.3m (2012: £4.5m) was posted and, after received interest and a small profit on the sale of fixed assets, a pre-tax profit of £8.4m was made (2012: £4.5m).

Care UK Health and Social Care Holdings reported a 9.4% increase in group turnover to £487.5m for the year ending 30 September 2012 (2011: £445.7m). Most of this growth was attributable to the residential division following the addition of 1,850 beds from the failed Southern Cross portfolio at the end of 2011. Adjusted group EBITDA (operating profit plus depreciation), which is one of Care UK’s preferred KPIs, increased by 8.6% to £49.3m (2011: £45.4m). After charging depreciation (£17.4m ), amortisation (£17.2m) and non-recurring items (£4.2m), operating profit was a narrowish £10.5m for the year (2011: loss of ££7.1m). And net financing expenses of £73.4m (2011: £68.8m) pushed the private equity owned company (backed by Bridgestone) well into the red again with a £62.9m pre-tax loss (2011: £75.9m). However, a tax credit of £9.7m brought the loss after tax down to £53.2m with the 2011 sum reduced to £64.4m following a tax credit of £11.5m.