PGIM Real Estate and Elevation to fund care home developments
Elevation is partnering with PGIM Real Estate in a joint venture to fund developer-operators of new build care homes across the UK.
PGIM Real Estate,...
Target Healthcare posts growing portfolio value and rental income
Portfolio value and rents grew by more than 4% in the second half of last year at Target Healthcare REIT despite ‘challenging circumstances’ due...
Aedifica’s UK investments pass £200m with latest developments
Aedifica will invest £25m in two developments to be built in Northamptonshire and operated by Halcyon Care Homes.
The properties, which are being developed in...
CareLineLive secures innovation grant
CareLineLive has secured a £175,000 grant from the UK’s innovation agency to support a research-led software development project.
The money will be used to help...
Lilli raises £4.5m for rollout of machine learning-enabled care
Software company Lilli has raised £4.5m in a pre-Series A funding round organised by West Hill Capital.
Lilli uses smart technology that provides detailed, around-the-clock...
Milestones Trust to grow supported living offering
Milestones Trust plans to increase its supported living offering while reducing residential provision, as part of a restructure of its services.
It will be deregistering...
Council payments for care not meeting rising costs at RMBI
Local authority payments for the cost of care were ‘far lower’ than needed, resulting in the Royal Masonic Benevolent Institution (RMBI) Care Company having...
Quality issues dampen contract wins at Shaw Healthcare
Shaw Healthcare Group has reported a ‘disappointing’ financial performance despite growing turnover from new contracts.
Revenue grew 12.8% to £112m last year (2019: £99.6m) but...
Apposite Capital sells MiHomecare and Complete Care
City & County Healthcare Group has purchased MiHomecare and Complete Care Amegreen from private equity firm Apposite Capital.
MiHomecare, which includes Noble Live-In Care, provides...
Occupancy dips at Minster Care Group
Covid-19 has led to occupancy dipping 10% below normal levels at Minster Care Group, with admissions lower than ‘historic norms’.
In its latest financial report,...
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