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Operating deficit grows at Sheffcare as it invests in staff
Lower revenues and growing staff costs resulted in a Sheffcare’s operating deficit more than doubling, its latest results show.
While occupancy continued to the grow...
Staffing hampers financial performance at Milestones Trust
Staffing costs continued to hamper financial performance at Milestones Trust, as it posted a rising deficit.
Recruitment, retention, and reliance on agency were ‘overarching issues’...
Boutique Care Homes expands portfolio with site in Kent
Boutique Care Homes has acquired its fourth care home site in Kent, as part of its continued growth across the South East.
The 3.5-acre plot...
Exemplar more than doubles capital expenditure as part of growth
Exemplar Health Care invested £58.6m in capital expenditure as part of its growth plans in opening new homes and providing more beds.
The group, which...
Blandford Capital acquires Hesley Group
Private investment office Blandford Capital has acquired Hesley Group from Antin Infrastructure Partners.
Hesley Group provides specialist care, support, and education for adults with complex...
ExtraCare reports ‘strong performance’ despite challenges
The ExtraCare Charitable Trust posted rising revenue and surplus despite operational performance impacted by higher costs.
While its financial performance for the year ended 31...
Octopus Real Estate provides framework loan to LNT
Octopus Real Estate has provided a framework loan to LNT Care Developments (LNT) to support up to four care home projects.
The revolving framework facility...
Hartford Care grows presence on Isle of Wight with acquisition
Hartford Care has acquired Inver House care home in Bembridge, Isle of Wight, taking the company to 21 homes and more than 1,000 residents.
The...
Occupancy continues to trend upwards among Target’s tenants
Resident occupancy continues to trend towards 90% among tenants of Target Healthcare REIT.
A financial update for the quarterly period to 30 September showed occupancy...
Nine Four Seasons Health Care sites sold for £16.1m
Nine operating sites of Four Seasons Health Care’s core portfolio have been sold for an aggregate £16.1m.
In a statement released by joint administrators and...
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