Care Markets

Older people entering care homes in Wales lose ‘meaningful choice’ and control over their lives, have their emotional needs neglected and do not have...

Geniecare Homes has acquired a 37-bed care home in Frampton-on-Severn in Gloucestershire from Gary and Eileen Winchle. The purchase takes the Geniecare estate to four...

Most will be aware that the new Health & Social Care Act 2008 (Regulated Activities) Regulations 2014 came into force on the 1st October...

Supported Homes provides 24-hour support to more than 40 vulnerable people with mental health illnesses and/or Asperger’s Syndrome in eight homes across the north...

Profits and losses were small for two local authority trading companies according to their latest sets of accounts.Essex Cares Limited experienced a slight rise...

There was mixed fortunes for two of Life Style Care’s operating companies their results for the year ended 31 March 2014.Life Style Care plc,...

After months of wrangling with its bondholders over its sale (CCMn June 2014), NHP is to be acquired by US investment firm Formation Capital...

Lyceum Capital-backed homecare provider Carewatch Holdings Limited increased its turnover from its company-owned branches and franchise fees from £51.5m to £54.8m for the year...

Shaw Healthcare reported a turnover of £87.5m for the year ended 31 March 2014, an increase of 3.4% on the previous year’s £84.6m. After taking into account operating costs of £69.2m (2013: £65m) and administrative expenses of £12.2m (2013: £12.7m), the care provider made an operating profit of £6.1m (2013: £6.9m). Following interest charges of £6m (2013: £6.3m), Shaw Healthcare made a pre-tax profit of £851,000 (2013: £1.9m).

Ideapark Ltd, the holding company for the UK’s largest independent fostering agency Foster Care Associates (FCA), reported revenues of £165.7m for the year ended 31 December 2013, compared to £163m the previous year. Taking off cost of sales of £114.5m (2012: £111.3m) and administrative expenses of £46.2m (£44.9m), the company made an operating profit of £5.1m (2012: £6.7m). Following the deduction of interest charges of £1.7m (2012: £1.9m), Ideapark made a pre-tax profit of £3.1m (2012: £4.9m).