Care Markets

In its first full year of trading Embrace Group (formerly European Care) reported revenues of £112,433 for the year ended 30 June 2015. After cost of sales of £81.7m and administrative expenses of £25.7m, including an impairment charge of £7.3m, the care home provider made an operating profit of £5.1m. Deducting a £1.7m loss on an unattributed disposal and finance charges and interest, including £6.9m on loan notes, the operator recorded a pre-tax loss of £3.8m. The directors said trading during the report period continued to be challenging’ due to high agency staff costs (particularly due to the impact of nurse shortages), the impact of public sector austerity on occupancy and fees (the latter was on average £671 per week, less than the £721 reported in the three months to 30 June 2014), and more regulation.

The latest figures from the Health and Social Care Information Centre (HSCIC) show that prescriptions for Alzheimer’s drugs are six times higher than a decade ago.

Charity Abbeyfield Society delivered an upbeat report of activity for the year ending 30 March 2015. Turnover grew by more than 15.7% from £44.1m to...

The government is to award the UK’s first Dementia Research Institute up to £150m to ‘deliver a step change in research and development’ to...

Charity Alternative Futures Group (AFG) reported a sharp reversal in financial performance as it incurred a deficit of £768,446 for the financial year to...

The government has announced more that £400m for crisis home resolution teams that would deliver 24/7 treatment in communities and homes as a ‘safe...

The parent company of specialist care operator Voyage Care, Viking HoldCo Limited reported revenues of £114.8m for its first nine months of trading ending...

MIND chief executive Paul Farmer is to receive a CBE in recognition of his services to mental health. Former ADASS president Sandie Keene will receive the same honour for services to social care and the National Care Forum’s policy and communications director Sharon Blackburn has also been awarded a CBE in the Queens’ New Year’s Honours list.

In what could be the start of a growing trend, retirement village operator Audley has been acquired for £158m by the Moorfield Audley Real...

Chief executive of the Joseph Rowntree Foundation and the Joseph Rowntree Housing Trust, Julia Unwin has joined the Mears Group board as a non-executive director.