McCarthy & Stone reports solid performance despite dip in profit
McCarthy & Stone has delivered revenue of £725m (2018: 672m), which was supported by a 3% rise in the average selling price of its...
Growth potential of care homes
Every lender should be interested in care homes, according to OakNorth Bank’s debt finance director Stuart Blair. He explains why
As a debt finance director...
Target Healthcare buys £15m care home
Investor Target Healthcare REIT has let a newly developed care home to Ideal Carehomes, which it bought for £15m.
The 66-bed property in Bicester, Oxfordshire,...
CareTech snaps up assistive technology business following CMA intervention
CareTech has bought a majority holding in software and hardware firm Smartbox Assistive Technology Ltd, as part of the group’s drive to provide technology...
McCarthy & Stone shareholders back £647m deal
US private equity firm Lone Star has had a bid of £647m for retirement communities operator McCarthy & Stone accepted.
The agreement was reached after...
Housing 21 partners with Sequential to deliver extra care homes
Sequential Investors has teamed up with not-for-profit provider Housing 21 to deliver a 98-bed extra care scheme.
The £20m project in Thorpe St Andrew, Norfolk,...
Impact Healthcare REIT to raise funds through share issue
Impact Healthcare REIT intends to raise £50m through issuing new ordinary shares of the company.
Proceeds will be used to help pay down its drawn...
Focused Healthcare rebrands to align closer to Voyage Care
Focused Healthcare has rebranded to Children’s Complex Care Ltd as part its strategy to align closer with its parent company Voyage Care.
The rebrand decision...
Hervines Specialist Adult Care Group buys Omega Elifar Ltd
Omega Elifar Ltd has been sold to newly established care home operator Hervines Specialist Adult Care Group.
Omega comprises four learning disability homes with a...
L&G and NatWest pension fund form JV to build retirement homes
Legal & General has entered into a 15-year joint venture (JV) with NatWest Pension Trustee Ltd (NWPTL) to invest £500m in later living communities...