Care Markets

Four Season Health Care’s specialist care business The Huntercombe Group has appointed Valerie Michie as its new chief executive. Currently managing director of Serco Health, where she has overseen a turnaround in business performance and plotted significant growth in the UK, Middle East and Australia, Ms Michie is expected to take up her new post this summer.

Chief executive of the MS Society Michelle Mitchell has joined the board of trustees at The King’s Fund. Before joining the MS Society in 2013, Ms Mitchell was director general at Age UK, where she spearheaded work on social care, health and patient engagement.

Westminster city council and Manuela Sykes - a bold decision?

Four Seasons Health Care and Bupa’s care homes division – both of which are mainly funded by local authority placements – have reported drops in profits in their latest sets of accounts, with earnings falling way behind self-pay providers such as Barchester Healthcare. The results will give yet another warning to both local authorities and central government that continuing investment in care home services could be at severe risk in locations dominated by public pay, and that any further squeeze on margins could even threaten the maintenance of basic standards by those providers which are unable to rely on cross subsidies from private payers to deliver adequate operating margins.

The projected £2.5bn annual cost of implementing the Dilnot fee cap has been underestimated by the treasury by around £150m a year according to consultancy Candesic.

Montreux Capital Management, a Swiss investment firm, and KTN Care, a specialist healthcare investor, announced last month that they have acquired learning disability care...

Learning disability care provider Care Solutions Group reported revenues of £14.5m for the year ended 31 July 2013, an increase of 13.2% on the...

Saga announced yesterday that it is set to proceed with an initial public offering (IPO) and float on the London Stock Exchange (LSE). The share...

European Care Group has rebranded as Embrace following its acquisition by investment firms Värde Partners and the D. E. Shaw Group for an undisclosed sum.The change...

Independent fostering agency By the Bridge Holdings Limited reported a 9.7% increase in revenues for the year ended 30 June 2013 to £21.2m from...