Bolt-ons for August Equity operators

Active Assistance, August Equity’s portfolio company, has acquired specialist care provider Neural Pathways for an undisclosed sum.With this bolt-on acquisition, Active now provides complex...

Care UK’s turnover and profits up thanks to public sector contracts

A strong reliance on public sector funding has led to a 2.4% increase in health and social care provider Care UK’s revenues. For the year...

Third sector update

Jewish Care reported revenues of £62.4m for the year ended 31 March 2011, a rise of 17.8% from the previous year’s turnover of £53m. During...

Mears grows domiciliary care business

Mears Group has reported growth in its domiciliary care operation in its pre-close trading update for 2011 after it was awarded deals worth £60m.Since...

Care UK’s turnover and profits up thanks to public sector contracts

A strong reliance on public sector funding has led to a 2.4% increase in health and social care provider Care UK’s revenues. For the year ending 30 September 2011, the company recorded a turnover of £445.7m, up from £435.3m in 2010. Operating profit for the UK’s fifth largest residential care home provider stood at £11.7m, an increase of 9.3% on the previous year’s £10.7m .

Ideal says loss is due to immature portfolio

The directors at Ideal Care Homes said that they were ‘delighted’ with the progress of Ideal Care Home Ltd during the year ended 31...

Company briefs

Coldharbour Systems has won a contract to supply systems to 200 of Craegmoor Healthcare’s residential care homes, independent hospitals and learning disabilities sites. The move...

Quiet year for Meridian Healthcare

The year ended 31 March 2011 saw no expansion of Meridian Healthcare’s estate of 27 care homes but witnessed a rise in operating profit.Turnover...

Strong growth as voyage changes direction

The organic maturation of its specialist care services resulted in a 6% growth in EBITDA at Voyage Holdings Limited for the year ended 31...

Mixed fortunes for homecare providers

The latest sets of accounts from three of the UK’s largest homecare providers show mixed fortunes in the sector.Bottom line profits signficantly fell for...