CM Company News

After months of wrangling with its bondholders over its sale (CCMn June 2014), NHP is to be acquired by US investment firm Formation Capital in partnership with global investor Safanad, Court Cavendish and the management team of HC-One. The deal, which is expected to be completed later this month, will see the ownership of NHP’s 273 freehold care homes, including the HC-One estate of 235 facilities, acquired for £477m.

Glen Care, which provides residential care for mentally ill people, reported an increase in profits for the year ending 31 July 2012.

Advantage Healthcare Group, the home healthcare, homecare and nurse recruitment company, has been acquired by the listed support services and construction firm Interserve from Rutland Capital for a reported £26.5m.

Bowmark-backed operator sees 8% revenue rise in 2011

The ExtraCare Charitable Trust reported a 17.9% drop in turnover for the year ended 31 March 2015 from £68.1m to £55.9m. Deducting operating costs of £53m (2014: £61.3m), the not-for-profit provider made an operating surplus of £3m (2014: £6.8m).

Stepping Stones Resettlement Unit Ltd, learning disability residential care provider, reported another set of solid results for the year ending 31 August 2011.

A few hours of care visits a day for elderly people can cost taxpayer more than a permanent place in a care home according to research commissioned by care home provider Four Seasons Health Care.

Legal & General (L&G) has made further in-roads into the UK care home sector by granting the LNT Group a £51m, ten-year debt facility....

August Equity’s domiciliary care provider Enara has made four bolt-on acquisitions to consolidate its position in the south of England and Wales for undisclosed sums.

The UK’s second largest domiciliary care provider Carewatch experienced a slowdown in its revenue growth last year.