Business

Care home group Meridian Heathcare Holdings reported revenues of £32.8m for the year ended 31 March 2012, an increase of 2.5% on the previous...

Residential and nursing care provider Minster Care Management reported increased profits for the year ending 31 March 2012 following a profitable 2011. Turnover remained...

The sale of five care homes as part of a planned geographical realignment strategy led to a 6.2% reduction in revenues from £40.3m to...

Prime Life Limited achieved a turnover of £41.1m for the year ended 31 March 2012, an increase of 7.7% on the previous year’s £38m. The...

The sale of five care homes as part of a planned geographical realignment strategy led to a 6.2% reduction in revenues from £40.3m to £37.8m at Hallmark Care Homes Group Holdings Limited for the year ended 31 March 2012. Managing care homes accounted for £33.9m of turnover and £3.9m was generated from property development. All revenues from 2011 came from managing care homes. Operating profit stood at £6.8m (2011: £7.9m) and, following the inclusion of £6.6m profit from the disposal of the five facilities, a pre-tax profit of £12.5m (2011: £13.9m) was made. Hallmark added that EBITDA before the profit on the disposal of the five homes had fallen from £10m to £8.7m and the net cash inflow from operating activities stood at £7.8m (2011: £10.4m). The directors described the report period as a satisfactory trading year’, saying operating profit from managing care homes fell by only 7.3% to £7.3m’. They said: On a like-for-like basis, there is an improving trend, reflecting natural growth arising from established homes, improved occupancy rates for homes opened in previous financial years and the opening of a new home during the current financial year.’

Extra care and residential care provider Retirement Villages blamed a 15% drop in turnover for the year ending 31 March 2012 on a fall...

Life Style Care plc has revealed it invested £4.25m to bring the 22 Southern Cross it acquired in November 2011 up to standard.At the...

Elizabeth Finn Care has reported incoming resources of £24.5m for the year ended 31 March 2012, an increase of 8.1% on the previous year’s...

August Equity announced last month that it had acquired Compass Services for Children Group for £18m to support the organic growth of the business. Compass,...

Ark Healthcare Holdings Ltd, the home care and home healthcare provider, reported an increase in revenue for the year ending 31 March 2012 but...