Tuesday, May 21, 2024
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Future Directions to grow presence

Future Directions plans to increase its presence into other geographical areas and offer more support to wider groups of people. It mainly provides services in...

Civitas Investment Management buys Heathcotes Group

Civitas Investment Management (CIM) has bought specialist provider Heathcotes Group for an undisclosed sum. The transaction has been carried out in partnership with residential care...

Belong to focus on recovery plan following dip in occupancy

Increasing occupancy will be one of the key objectives for not-for-profit provider Belong after its household operations saw a dip from 91.1% in March...

National Care Group grows portfolio with acquisition of Steps

National Care Group (NCG) has bought South Yorkshire-based operator Steps Residential Care Ltd for an undisclosed sum. Steps operates five locations in the Rotherham area...

Spikes in Covid-19 hampering admissions at Four Seasons

The financial hit of Covid-19 on Four Seasons Health Care Group this year could be anything between £10m and £15m. The precise impact is yet...

Increased fees and occupancy prove positive for Greensleeves

Resident numbers exceeded expectations at Greensleeves Homes Trust helping improve occupancy levels, the provider has reported. Its financial report for the year ended 31 March...

Brendoncare to lease £15m care home from Octopus Real Estate

Investor Octopus Real Estate plans to fund and develop a 60-bed care home, which will be leased to operator Brendoncare. The property in Winchester, Hampshire,...

McCarthy & Stone predicts continued difficulties for retirement housing

The retirement housing market remains difficult due to rising Covid-19 infection rates and lockdown measures. In a trading update, developer and manager of retirement communities...
Profits slide after tough regulatory year for Runwood Homes

Country Court on course with openings

Country Court has restarted with its renovation and new build projects following a delay due to lockdown restrictions earlier this year. Co-chief executive Al-Karim Kachra...

Target Healthcare agrees to extend and increase loans

Target Healthcare REIT has agreed to extend and increase its existing loan facilities with The Royal Bank of Scotland and HSBC. The investor’s existing revolving...