CM Company News

Telehealth and telecare provider Tunstall reported revenues of £221m for the year ended 30 September 2013, an increase of 21.2% on the previous year’s £182.1m. However, £20.2m of turnover came from the acquisition of Spanish operator Televida in January 2013.

HC-One has acquired Meridian Healthcare in deal that will see the transfer of its 30 homes in the north of England to the operator formed following the collapse of Southern Cross.

In a trading update to the London Stock Exchange last month, Mears Group reported that trading remains challenging’ for its care business.

Care Home operator Maria Mallaband Care Group has been fined £1.6m by York Crown Court following the death of one of its residents. The court...

Sir David Behan, chief executive of the Care Quality Commission (CQC) is to step down from his position in the summer after six years...

The social enterprise domiciliary care provider Care and Share Associates (CASA), which just two months ago announced details of a partnership it had signed with Leeds city council (CCMN May 2011), has revealed plans to create up to 300 new jobs in the North East after receiving investment from London-based investor Bridge Ventures.

A flurry of acquisitions led to domiciliary care provider Enara Group recording a 22.8% increase in turnover for the year ended 31 March 2012.

The four companies that together comprise Bupa’s UK care home division have each reported their results for calendar 2012 - Bupa Care Homes (CFG) plc; Bupa Care Homes (ANS) Ltd; Bupa Care Homes (AKW) Ltd; and Bupa Care Homes (Carrick) Ltd. In a challenging market, aggregate revenue for the four companies edged up by 1% to £642.3m (2011: £636.0m ). Bupa has made much play during the year of the threat to the viability of the care home sector from below inflation fee uplifts by local authorities - not surprisingly since, according to Bupa Group’s annual report, 70% of Bupa’s UK care home residents were funded by local authorities or PCTs.

Revenues at Midhurst Childcare increased by 9.1% from £21.6m to £23.6m for the year ended 30 September 2012. The holding company, whose subsidiaries are residential childcare and fostering provider Five Rivers Child Care, residential operator Five Rivers Project Limited, child care and education provider Safehaven Residential and Respite Care Limited and foster agency Five Rivers Ireland, reported an operating profit of £900,000 (2012: £200,000). After taking into account a small interest charge, Midhurst posted a pre-tax profit of £900,000 (2012: £200,000).

Care housing developer McCarthy & Stone reported a 49% increase in revenues in its results for the six months ending 28 February 2014, rising to £149.7m (2013: £100.4m) due to higher volumes and selling prices. This led to the construction firm more than doubling its EBITDA from £10.5m to £21.6m. No profit before tax figure was given in the trading update.