Business

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.

Danshell Adult Healthcare has acquired the remaining estate of Castlebeck from its administrators. The 20 facilities are a mix of care homes for adults with...

Retirement homes developer McCarthy & Stone has completed a £518.9m refinancing of its existing liabilities, reducing the debt burden of the company by £350m.The...

In its maiden set of accounts, Olympus Care Services posted turnover of £32.3m for a 17th month period between 21 October 2011 and 31...

Revenues at Midhurst Childcare increased by 9.1% from £21.6m to £23.6m for the year ended 30 September 2012. The holding company, whose subsidiaries are...

Telecare provider Careline turned around its performance for the year ending 31 December 2012 posting a £1.2m profit before tax following a £2.7m loss...

Specialist provider Choice Care Group changed hands last month when Caledonian Investments acquired it from Sovereign Capital for £49.5m.The group operates 47 homes with...

Residential care provider Country Court Care acquired domiciliary care business, At Your home, for an undisclosed sum.With At Your Home placed in administration at...

Enara Group rebranded as MiHomecare last month following its acquisition by MITIE for £110.8m last August. (CCMn November 2012)A spokesman told CCMn that more...

Tunstall Healthcare Group Ltd, which provides telehealth and telecare services internationally, reported global revenue growth of 27% to £182.1m for the year ending 30...