Swanton well positioned to meet care sector challenges
Successful tenders helped grow revenue and EBITDA at Swanton Care and Community, with the group ‘well positioned’ to meet challenges the industry faces.
Financial results...
OakNorth supports Lovett Care with loan for development
OakNorth Bank has provided a loan to Lovett Care to support the development of a care home in Northern Moor, Manchester.
The site will consist...
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...
Orders of St John reports ‘muted’ performance
Described as a ‘muted’ financial performance, not-for-profit operator The Orders of St John Care Trust (TOSJCT) reported income of £116.2m for the year ended...
Jewish Care posts income growth despite occupancy woes
Competition and people opting for homecare led to a fall in occupancy in care homes at Jewish Care.
The health and social care provider said...
Belgium: Aedifica reports 89% take up of capital increase
Belgian healthcare REIT Aedifica has reported an 89% take up on its €418m (US$469m) rights issue.
The company said that 5.5m shares had been taken...
High agency staff use dents profitability at Larchwood
High agency staff use dented profitability at Larchwood Care Homes as the group found difficulty in attracting and retaining staff.
The group, which covers both...
Healthcare Homes completes management buyout
Three members of the existing executive team at Healthcare Homes Group have completed a management buyout (MBO) for an undisclosed sum.
Gordon Cochrane, chief executive...
Sequence Care Group grows portfolio
Sequence Care Group has bought Liaise Loddon Ltd, a residential care home operator based in Hampshire for an undisclosed sum.
This is the second acquisition...
Novacare rebrands to Netli
Novacare has rebranded to Netli and will now offer four separate services to support the care sector across the UK.
Its offering will cover workforce,...
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