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...

Southern cross limps out of uk care market

Southern Cross Healthcare’s interests in the UK care sector finally came to an end this month after it was announced its three remaining homes...

MedicX reports £9m growth

Health and community care investment firm, MedicX Fund Ltd, has reported strong growth of in its end of year results for 30 September 2011. It...

Third sector update – December 2011

Alternative Futures recorded returns of £74.2m for the year ended 31 March 2011, an increase of 37% on the previous year’s turnover of £54.2m. The...

Mears focuses on telecare

Social housing maintenance and domiciliary care provider, Mears Group, struck a major deal last month with telecare provider Tunstall to develop its services nationwide.Executive...