Thursday, March 28, 2024
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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,...
Diversification proves positive for Impact Healthcare

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...