CM Company News

Retirement housing provider McCarthy & Stone reported a 25% rise in revenues for the year ended 31 August 2014 from a restated 2013 figure of £310.8m to £387.8m. After cost of sales of £283.8m (2013: £244.2m) and administrative expenses of £40.4m (2013: £40.3m including PIK notes of £17.2m) were deducted, the business made an operating profit of £68.1m (2013: £29.5m).

While saying it is committed to the UK aged care sector’ Bupa has refused to scotch growing market speculation that it has put 200 of its estate of 286 care homes up for sale.

Voyage Care, provider of support for people with learning disabilities, has acquired Warwickshire-based specialist care operator Ingelby Care for an undisclosed sum.

Acorn Care 1 Limited reported revenues of £114.6m, an increase of 3.2% on the previous year’s £111.1m, for the year ended 31 August 2015....

The Adjustment Bureau

High occupancy rates led to increases in revenues and profits for major operator Somerset Care Limited its result for the year ended 31 March 2011 show. Turnover for the report period increased by 5.6% to £75.1m from £71.1m in 2010. Overall, operating profit stood at £4.9m (2010: £3.2m) and the care home and domiciliary care provider reported a bottom line figure of £2.4m.

City & County Health Group, owned by private equity firm Sovereign Capital, acquired Help at Home Ltd last month for an undisclosed sum. This represents the group’s ninth bolt-on since it was bought by the venture capital firm in September 2009.

LNT Group, which operates Ideal Care Homes, completed a refinancing deal worth £100m last month.

High interest payments following a solid performance for the year ending 30 September 2012 wiped out the profits for Bowmark-owned Healthcare Homes Holdings, which provides residential, nursing and dementia care.

Chairman and interim chief executive of Four Seasons Health Care Ian Smith has called on councils to work with the government regulator to ensure that appropriate fees are paid in order to meet national standards.