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Tracscare acquires seven units from Embrace
Specialist care operator Tracscare has acquired six supported living services and an ABI unit from Embrace Group for an undisclosed sum.
The move follows on...
CMA to look into Cambian deal
Following its investigation of Acadia’s acquisition of the Priory Group and the launch of an inquiry into the care home market, the Competition and...
New investor from Israel
Israeli billionaire Igal Ahouvi is understood to have bought a portfolio of 15 care homes in London and the south east from a private...
New Years Honours
Following in the footsteps of many local authorities, some clinical commissioning groups have set a limit on how much funding they are prepared to...
Councils given green light to raise social care precept by up to 3%
Communities Secretary Sajid Javid has announced that local authorities will be able to raise an extra £208m through the social care precept in 2017/18...
Broadly positive outlook for complex care
Despite continued austerity spending, prospects for adult specialist care operators are 'broadly positive', according to LaingBuisson’s latest analysis of this market. Eleanore Robinson reports
Prospects...
CM meets…Farouq Sheikh
Having been awarded the LaingBuisson Awards 2016 Outstanding Contribution accolade, alongside his brother Haroon, we talk to CareTech's executive chairman.
CM: How did you come...
Revenues up at Sanctuary
Care home operator Sanctuary Care reported a 3.5% rise in revenues from £87m to £90.9m for the year ended 31 March 2016. After deducting...
Losses increase at Life Style Care
Turnover at Life Style Care plc rose marginally from £19.8m to £19.9m for the year ended 31 March 2016. Subtracting cost of sales of...
Excellent year for ExtraCare
The ExtraCare Charitable Trust reported a 45.2% increase in turnover for the year ended 31 March 2016 from £56.3m to £81.8m. Operating costs of...
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