Vote of confidence in healthcare investments

Confidence has returned to the healthcare sector over the last year, with the number of investments steadily rising to make 2014 something of a boom year, according to Rothschild managing director Hedley Goldberg.

HC-One finally sold in £447m deal

After months of wrangling with its bondholders over its sale, NHP is to be acquired by US investment firm Formation Capital in partnership with...

Cambian reports revenue growth

In its latest stock exchange update, Cambian Group reported that group turnover for the nine months to 30 September 2014 was 12% higher than in the same period on 2013, with revenue growth for the third quarter of 14%. The board added that net debt at 30 September 2014 was £137m, with significant headroom on our £200m bank facilities to enable further organic and acquisitive growth’.

Housing disposals eat into Anchor’s profits

Not-for-profit provider Anchor Trust experienced a small rise in turnover for the year ended 31 March 2014. At the year end, revenues stood at £265.8m...

Planning blocking extra care expansion

Delays in planning approval are holding back the expansion of the extra-care development sector. So much so, that research from property consultants Knight Frank and...

HC-One denies it will install ‘spy’ cameras

HC-One has kick started a sector-wide debate on the use of cameras in care homes after an in-house consultation discovered strong backing for the...

Housing disposals eat into Anchor’s profits

Not-for-profit provider Anchor Trust experienced a small rise in turnover for the year ended 31 March 2014. At the year end, revenues stood at £265.8m compared to £264.8m the previous year. After operating costs of £247.5m were deducted (2013: £246.7m) Anchor recorded an operating surplus of £18.3m (2013: £18.1m). Due to a deficit of £1.6m on the disposal of housing properties, compared to a surplus of £8.2m the previous year, the operator’s surplus dropped from £21.8m in 2013 to £12.1m at the end of the report period.

Acquisitions boost Methodist Homes’ finances

Charity Methodist Homes (MHA) reported a rise in total incoming resources of £196.5m, a 9.3% increase for the year ended 31 March 2014, from...

Acquisitions boost Methodist Homes finances

Charity Methodist Homes (MHA) reported a rise in total incoming resources of £196.5m, a 9.3% increase for the year ended 31 March 2014, from a restated figure of £179.7m, due to a growth in new services for older people along with inflationary increases.

Hoare takes Ofsted chair

David Hoare has replaced Baroness Sally Morgan as chair of Ofsted. The former chair of the Teenage Cancer Trust took up the post last...