Care Markets

Ecclesiastical Insurance Office, the largest provider of insurance in the UK care home sector, announced that it will withdraw from the care home insurance market, with the exception of charity operated care homes. This change, which is to take place from 1 March 2014, is expected to have considerable implications both for the insurance market and for care homes.

Outsourcing company and homecare provider MITIE has been awarded a three-year, £33m facilities management contract with Four Seasons Health Care.MITIE will deliver all planned...

Clive Fenton, currently chief executive of Mount Anvil, a specialist Central London residential property developer, will take up the same post at McCarthy &...

A project to prevent older people from suffering from malnutrition was launched last month, aiming to increase diagnosis and treatment and improve care and...

Anchor Trust reported a marginal drop in revenues from £267.5m (including £3.7m from discontinued operations) to £264.9m for the year ended 31 March 2013. Retirement housing contributed £128.6m (2012: £124.3m) towards this figure and care homes £119.2m (2012: £117.4m). A further £5.4m was made from providing extra-care services (2012: £5.6m). Following costs of £246.7m (2012: £242.1m), the charitable provider recorded an operating surplus of £18.1m (2012: £25.5m). After taking into account a gain of £8.2m on the disposal of fixed assets (£3.7m) and £4.5m net finance costs (2012: £7.7m), a surplus of £21.8m was recorded (2012: £22.2m). During the report period, Anchor sold 13 properties at Denham Garden Village and a further seven at its The Laureates development, and has since said that all but a few’ properties have been purchased.

Adam Penwarden, of Lifeways, talks about stafing issues in the care sectorQ People often say that staff don’t choose social care for the money...

Business secretary Vince Cable promised to look into issues affecting businesses which provide care for older and vulnerable people following a meeting with the...

Supported living services accounted for the vast majority of incoming resources achieved by charity Alternative Futures Group for the year ended 31 March 2013. The...

Shared Lives Plus – the network focusing on small, family-based support - has been awarded a five year grant by the Big Lottery England...

Despite a 5% fall in occupancy levels, revenues at care home provider Meridian Healthcare (Holdings) only experienced a marginal drop to £32.5m in the...