Target Healthcare to raise £50m for investments
Target Healthcare REIT plans to raise £50m through a placing of new shares to help fund potential deals.
It has identified investments of £224m, consisting...
EBITDA slips at Voyage Care despite revenue growth
Growth in community hours and increased fees helped drive revenue at Voyage Care during the first quarter of the financial year.
Its quarterly report showed...
Leonard Cheshire offloads 16 residential services
Leonard Cheshire has sold 16 residential services to Valorum Care, for an undisclosed sum.
Services that have been transferred are Alne Hall, Beechwood, Champion House,...
Mears to place greater emphasis on housing with care
Mears Group plans to accelerate changes to its care business, placing increasing emphasis on housing with care.
Care revenues at the group fell 15% to...
Anchor to operate care homes following sale by Hadrian Healthcare
Lime Property Fund managed by Aviva Investors has bought five care homes from Hadrian Healthcare.
The properties have been leased to Anchor Hanover on 35-year...
Lottie raises more than £6m in funding round
Comparison website for residential care and independent living Lottie has raised £6.1m in its latest funding round.
The backing had been led by US venture...
Optimo Care Group grows portfolio with two additions
Optimo Care Group has grown its portfolio with the acquisition of two homecare and supported living providers.
It has acquired Allcare Community Care and Support...
Agency staff use falls to ‘historically low level’ at Voyage Care
Agency staff costs reduced by 64.6% at Voyage Care, mainly due to actions taken during the Covid-19 pandemic to help protect clients it supports.
Additional...
Saga sells care agencies
Saga has sold care agencies Patricia White’s and Country Cousins for £14m to Limerston Capital.
In a trading update, Saga said it sold the operations to...
Kingsley Healthcare completes deal for West Midlands care home
Kingsley Healthcare has completed on a deal to take over the operation of Gower Gardens in Halesowen, near Birmingham.
Acquisition of the 66-bedroom purpose-built care...
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