Cornerstone secures funding to renovate Midlands care home
Cornerstone Healthcare plans to expand its specialist care model into the Midlands after agreeing funding from Virgin Money.
The project will see the renovation of...
Care At Home Group secures facility from Cynergy Business Finance
Care at Home Group (CAHG) has secured a £550,000 invoice discounting facility from asset-based lending (ABL) firm Cynergy Business Finance.
Established nearly 30 years ago,...
HSBC UK backs Meallmore with £63m funding package
Meallmore is growing its portfolio of care homes following a £63m funding package from HSBC UK.
The Inverness-based provider will use the bank’s support for...
Pebbles grows provision with deal for BDT Care Solutions
Pebbles has acquired BDT Care Solutions as part of its growth strategy in supporting children and young people.
BDT Care Solutions has four homes in...
Agency costs grow at Livability as income falls
Staffing challenges impacted financial performance at Livability, as it saw its agency costs grow 57.6%.
Results showed staff costs across the group rose 5.6% to...
Valuation of Target’s portfolio of care settings grows 4.9%
Target Healthcare REIT posted a 4.9% rise in the valuation of its portfolio in the second half of last year.
Valuation grew to £911.1m (June...
Limerston Capital closes £245m fund
Mid-market private equity firm Limerston Capital has closed its second fund with commitments of £245m.
Limerston Capital Partners II will look to deliver returns through...
Triple Point Social Housing delivers ‘strong rental growth’
Triple Point Social Housing REIT expects strong rental growth to continue this year, as it reported ‘resilient’ results for 2023, despite challenging conditions.
Rental growth...
Growth in fees and occupancy helps drive up EBITDA at Care UK
Improvements in occupancy and average weekly fees helped drive up revenue and EBITDA at Care UK.
Its latest results showed revenue rose 19.9% to £490.5m...
Cinnamon Care Collection secures £23m refinancing
Cinnamon Care Collection has secured a £23m funding arrangement from Leumi UK, increasing facilities with the lender to £42.5m.
In addition to Lakeview Grange in...
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