Business

Midlands-based provider of specialist care and education for children and young people with severe and complex needs, Horizon Care has completed the strategic acquisition...

Harmoni, part of Care UK, has won a contract to provide prison healthcare services on the Isle of Wight from April 2013. The contract...

Advantage Healthcare Group, the home healthcare, homecare and nurse recruitment company, has been acquired by the listed support services and construction firm Interserve from...

In its first ten months of trading, Optalis Limted, the local authority trading company set up by Wokingham Borough Council, has reported revenues of...

Mears has reported a number of new domiciliary care contract wins in its pre-close trading update.Overall Mears said its success rate in the sector...

Bupa has acquired the elderly care division of Australian operator Innovative Care for an undisclosed sum in a move that it claims will make...

Voyage Care has made a dual-tranche offering on the high yield bonds market for a reported £272m in a deal comprising £222m of five-and-a-half-year...

In the financial year to 31 March 2012 when it changed hands from Sovereign to Graphite Capital (CCMn February 2012), the National Fostering Agency...

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.’

The Sanctuary Group’s care home arm reported a turnover of £64.8m for the year ended 31 March 2012, an increase of 9.6% on the...