Care Markets

TIAA Henderson Real Estate has acquired three care homes leased to Care UK for £48.9m. The purpose-built homes, constructed in 2013, Caridean House in Edinburgh,...

Homecare provider Servoca reported revenues of £49m for the year ended 30 September 2014, an increase of 13.7% on the previous year’s £43m. After cost of sales of £34.8m (2013: £30.8m) and administrative expenses of £12.6m (2013: £11.5m) were deducted, an operating profit of £1.6m was recorded (2013: £745,000).Subtracting finance costs of £80,000 (2013: £73,000), Servoca made a pre-tax profit of £1.6m (2013: £672,000).

Bupa UK achieved revenues of £2,711.2m for the year ended 31 December 2014, compared to £2,573.5m the previous year. The provident association reported an underlying profit for its UK operations, which includes its 280 care homes, of £175m (2013: £139.5m) in its preliminary results.

Care Homes: Ian Smith, chairman of Four Seasons Health Care Group

The 1 April 2015 saw in a new era in health and social care regulation with the introduction of the Health and Social Care Act 2008 (Regulated Activities) Regulations 2014.

Priory Group is considering the long-term options’ of its residential, nursing and dementia care business but would not comment on speculation that it is for sale.

Specialist care provider CareTech Holdings is aiming to rise £21m through the placing of 10m shares.The AIM-listed operator initially set out to raise £15m,...

Revenues rose by 11.5% from £93.7m to £105.7m for Runwood Homes in the year ended 30 September 2014. After taking into account cost of sales...

Spire Healthcare has teamed up with over-50s specialist Saga to offer its patients a post discharge rehabilitation service.Under the deal, Saga’s domiciliary care business...

Voyage Care has acquired two autism services for an undisclosed sum. Nottinghamshire-based Redcliffe House, which provides services for people with complex needs, will now...