Business

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...

Despite a 5% fall in occupancy levels, revenues at care home provider Meridian Healthcare (Holdings) only experienced a marginal drop to £32.5m in the...

Springfield Home Care Services, a provider of domiciliary care, reported a fall in profit for the year ending 31 March 2013 despite an increase...

Mears believes it will be one step ahead of the competition as more local authorities look to pay providers by results, following the operators’...

Mears believes it will be one step ahead of the competition as more local authorities look to pay providers by results, following the operators’ joint venture with Wiltshire county council. Mears described the move away from the time and task model to outcome-based commissioning in its pre-trading update as its most important milestone since entering into care and an important development in the domiciliary market in the UK’.

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

CareTech enjoyed a solid trading period for the year ending 30 September 2013, its preliminary, unaudited results show. Turnover remained steady at £114.3m (2012: £114.1m)...

Property investor MedicX Fund reported an increased total income to £25.5m (for the year ending 30 September 2013), a considerable jump from the 2012 income of £16.6m which was outlined in restated figures. Following net realised and unrealised investment valuation movements (2013: £404,000 – 2012: £2,400 loss) and expenses of £5,317 (2012: £4,454) MedicX posted profit before tax of £20.6m, more than doubling the £9.8m posted in the previous year.

MITIE’s homecare division continues to perform above the sector average in terms of operating margins, according to its half-yearly results. However, the projected revenues of...

Property consultant Knight Frank has predicted that care home provider HC-One will be sold by the end of the year, adding further fuel to...