Care Markets

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).

Older people entering care homes in Wales lose meaningful choice’ and control over their lives, have their emotional needs neglected and do not have their basic rights upheld, according to a review published by the nation’s Older People’s Commissioner Sarah Rochira.

Plans to pool £5.3bn of local authority and NHS funding into the Better Care Fund to keep older people out of hospital and care...

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

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’.

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...

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 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...