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Reduced expenses boosts Akari
AK (SPV) Limited, the parent company of Akari Care, reported £43m in turnover for the year ended 31 October 2014, a £1m rise on...
Revenues up for Life Style Care
Life Style Care (2010) plc reported revenues of £20.9m for year ended 31 March 2015, an increase of 7.7% on the previous year’s £19.2m.
Taking...
Five homes transferred to Precious group
Precious Homes Group has acquired five specialist care facilities from Consensa Care. Based in London and Essex, the acquired assets include supported living, learning...
Slight rise in Four Seasons fortunes
While the third quarter of 2015 saw a slight recovery in the fortunes of Four Seasons Health Care, it was still not sufficient to generate funds of more than £100m needed to pay bondholders and rents.
Homecare business hits MITIE’s profits
MITIE reported a 9.5% drop in operating profit to £58.1m for the six months ended 30 September 2015, which the directors said largely reflected a deterioration in the results of its homecare business.
Further acquisition for CareTech
AIM-listed specialist care provider CareTech is to acquire residential childcare business ROC North West for up to £11.4m.
The deal comprises a net initial cash...
Profits down for Somerset Care
Somerset Care experienced a small drop in revenues from £80.8m to £80.1m for the year ended 31 March 2015.
After subtracting cost of sales of...
Mears care business still facing challenging times
In a trading update to the London Stock Exchange last month, Mears Group reported that trading remains challenging for its care business.
Introduction of living wage to cost £387m per year – JRF
The National Living Wage (NLW) will affect at least 50% of care home workers when it is introduced in April 2016, according to new...
Aurelius Group acquires Allied Healthcare for £19m
After almost a year on the market, pan-European investor Aurelius Group has acquired Allied Healthcare, the UK’s largest domiciliary care provider, for £19m.Under the...
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