Care Markets

The English Community Care Association (ECCA) said a rise in the number of warning notices issued by the Care Quality Commission (CQC) demonstrated it...

Care UK Health and Social Care Holdings reported a 9.4% increase in group turnover to £487.5m for the year ending 30 September 2012 (2011:...

Families are selling their homes in order to meet residential care costs, according to a poll by insurer NFU Mutual. The survey, conducted by...

Just under a third of the UK population will reach retirement healthy, according to a new statistical fact pack from the International Longevity Centre UK (ILC-UK).

Families are selling their homes in order to meet residential care costs, according to a poll by insurer NFU Mutual. The survey, conducted by ICM, found that up to a million families had been forced to sell their homes to raise funds over the past five years. Furthermore, up to three quarters of people who go into residential care will have to eventually sell their homes to pay for it, the researchers claimed. The study challenges goverment estimates showing around 40,000 people a year (or 200,000 in five years). However these figures do not show the number of people who sell their homes prior to going into a care home. Secretary of State for Health Jeremy Hunt, told The Daily Telegraph that the figures were concerning and served to underline the need for government care reforms.

The English Community Care Association (ECCA) said a rise in the number of warning notices issued by the Care Quality Commission (CQC) demonstrated it had started to do its job’. CQC’s annual report showed that 910 warning notices had been issued to UK care homes during 2012/13 – an increase of 43% on the previous year. Chief executive Professor Martin Green said: The vast majority of care services are providing high quality care for some of the most vulnerable citizens in our society and the fact that CQC warning notices have gone up by 43% is more of an indicator that finally the CQC has started to do its job after years of bureaucratic incompetence and poor quality inspections.’

Sanctuary Care experienced an 18.7% rise in revenues from £64.8m to £77m for the year ended 31 March 2013. An operating profit of £8.3m (2012: £4.5m) was posted and, after received interest and a small profit on the sale of fixed assets, a pre-tax profit of £8.4m was made (2012: £4.5m).

Care UK Health and Social Care Holdings reported a 9.4% increase in group turnover to £487.5m for the year ending 30 September 2012 (2011: £445.7m). Most of this growth was attributable to the residential division following the addition of 1,850 beds from the failed Southern Cross portfolio at the end of 2011. Adjusted group EBITDA (operating profit plus depreciation), which is one of Care UK’s preferred KPIs, increased by 8.6% to £49.3m (2011: £45.4m). After charging depreciation (£17.4m ), amortisation (£17.2m) and non-recurring items (£4.2m), operating profit was a narrowish £10.5m for the year (2011: loss of ££7.1m). And net financing expenses of £73.4m (2011: £68.8m) pushed the private equity owned company (backed by Bridgestone) well into the red again with a £62.9m pre-tax loss (2011: £75.9m). However, a tax credit of £9.7m brought the loss after tax down to £53.2m with the 2011 sum reduced to £64.4m following a tax credit of £11.5m.

Tunstall Healthcare Group Ltd, which provides telehealth and telecare services internationally, reported global revenue growth of 27% to £182.1m for the year ending 30...

Worcestershire council has been given the green light to limit its expenditure on homecare and community services for disabled adults after the High Court...