Care Markets

Following two major acquisitions, Voyage reported revenues of £181.4m for the year ended 31 March 2013, an increase of 27.5% on the previous year’s...

Legal experts Tim Nye and Kyle Holling discuss their work across the social care arena and the wider issues impacting providersCan you both tell...

Ecclesiastical Insurance Office, the largest provider of insurance in the UK care home sector, this week announced that it will withdraw from the care...

CareTech enjoyed a solid trading period for the year ending 30 September 2013, its preliminary, unaudited results show. Turnover remained steady at £114.3m (2012: £114.1m) and underlying EBITDA was boosted to £26.4m (2012: £24.9m) as a result of a small reduction in underlying cost of sales and a larger reduction in underlying administrative expenses. At 23.6% of revenue, CareTech’s underlying EBITDA puts it in the middle rank of profitability among learning disability care home groups. Total EBITDA declared by the company was even rosier, leaping to £39.9m (2012: £21.3m) as a result on some chunky non-underlying’ items. The biggest of these was an £18.5m gain recognised in respect of business combinations’. Netted against a number of non-underlying acquisition expenses totalling £5m this added £13.5m into the total 2013 EBITDA pot (2012: £-3.5m, in the absence of any similar revaluation gains).

By ECCA chief executive, Martin GreenThe English Community Care Association conference this year was focused on the issue of safeguarding, which is completely chaotic,...

Independent sector hospitals and sub-acute providers could take on additional NHS patients over the next few months in a bid to avoid a winter...

Colten Care reported revenues of £40.6m on its estate of 19 care homes for the year ended 28 February 2013. This represents an increase...

Partner at Eversheds, Elizabeth Graves spills the legal beansThe UK Home Office recently announced that it would consider encouraging whistleblowing by financial incentives in...

The latest government figures show delayed discharges from hospitals to social care settings in England are at their highest levels in the past three...

Sovereign Capital has sold domiciliary care provider City & County Healthcare Group in a management buy-out backed by private equity firm Graphite Capital for...