Avante launches £5m bond

Avante Partnership has launched a £5m charity bond to fund the development of a 75-bed dementia care home on the Isle of Sheppey.Promoted by...

Cambian set to go public?

Mental healthcare provider Cambian could be set to list on the London Stock Exchange in a £500m float according to rumours within the sector.Sky...

Target fully invested’

Target Healthcare REIT is to launch a new share offer after the company said it was now fully invested’ following the acquisition of two purpose-built care homes in the north west of England. Formed in January 2013, the specialist investor was listed on the London Stock Exchange two months later, raising £45.6m. Target bought the homes in Longridge, near Preston, Lancashire and St Helens, Merseyside for £11.5m, including acquisition costs. Offering a total of 154 beds, the two homes provide both residential and dementia care.

CMG announces debt for equity swap

Care provider for people with learning disabilities, Care Management Group (CMG), announced last month that it had refinanced with £47m of £107m debt replaced...

Solid showing from Methodist Homes

Charity Methodist Homes (MHA) reported a 16.8% rise in incoming resources for the year ended 31 March 2013 to £179.7m from a restated figure...

Marginal drop for Shaw

Shaw Healthcare experienced a marginal drop in turnover from £85m to £84.6m for the year ended 31 March 2013. The previous year’s revenues included £874,000...

Housing 21 hit by £12m write down

Housing 21 reported a turnover of £222m for the year ended 31 March 2013, a marginal increase on the previous year’s revenues of £220.2m. Due...

Positive results for caretech as it increases capacity

CareTech, social care provider for working age adults and children, posted positive results for the year ending 31 September 2013 in a trading update. The...

CIC remains strong despite deficit

Charity Community Integrated Care (CIC) remained strong in a strong financial position according to directors despite recording a deficit for the year ending 31 March 2013.

Start-up Eden posts ‘satisfactory’ profits

Supported living provider Eden Care and Support Group Limited reported revenues of £18.6m for the 17 and a half month period between 18 June...