Colten Care counts the cost of upgrades

Investment in its portfolio of 17 care homes led to a drop in operating profit for Colten Care Limited. Overall, the care home provider reported revenues of £34m for the year ended 28 February 2011, an increase of 9.6% on the restated figure for 2010 of £31m.Refurbishment costs of £1.6m were reflected in the operating…