Care Markets

Voyage Care has made a dual-tranche offering on the high yield bonds market for a reported £272m in a deal comprising £222m of five-and-a-half-year...

A report by Skills for Care has found that the social care sector may need to recruit more than a million extra staff (or...

In the financial year to 31 March 2012 when it changed hands from Sovereign to Graphite Capital (CCMn February 2012), the National Fostering Agency...

Analysis by the King’s Fund predicts the government could be spending up to half its budget on social care and health by 2060. The report...

A High Court judge has ruled Redcar and Cleveland council did not have due regard to the actual cost of care when setting fees...

Elizabeth Finn Care has reported incoming resources of £24.5m for the year ended 31 March 2012, an increase of 8.1% on the previous year’s...

Bradford council’s executive has approved plans to create four new extra care developments to address the accommodation and support needs of the elderly and...

The sale of five care homes as part of a planned geographical realignment strategy led to a 6.2% reduction in revenues from £40.3m to £37.8m at Hallmark Care Homes Group Holdings Limited for the year ended 31 March 2012. Managing care homes accounted for £33.9m of turnover and £3.9m was generated from property development. All revenues from 2011 came from managing care homes. Operating profit stood at £6.8m (2011: £7.9m) and, following the inclusion of £6.6m profit from the disposal of the five facilities, a pre-tax profit of £12.5m (2011: £13.9m) was made. Hallmark added that EBITDA before the profit on the disposal of the five homes had fallen from £10m to £8.7m and the net cash inflow from operating activities stood at £7.8m (2011: £10.4m). The directors described the report period as a satisfactory trading year’, saying operating profit from managing care homes fell by only 7.3% to £7.3m’. They said: On a like-for-like basis, there is an improving trend, reflecting natural growth arising from established homes, improved occupancy rates for homes opened in previous financial years and the opening of a new home during the current financial year.’

Care minister Norman Lamb has called on councils to help rebuild ‘neighbourly resilience’ in their areas so that older people can live independently at...

Extra care and residential care provider Retirement Villages blamed a 15% drop in turnover for the year ending 31 March 2012 on a fall...