It is possible for business and care to co-exist. Clearly providing good care is good business.
This isn’t always the case however, and all of my services and products focus on who is providing the care from a business point of view. So that you can make sure you are getting the best quality care for your money.
This page keeps a weather eye on what is happening in the care business world, and hopes to predict the future! As far as this is humanly possible.
3rd December 2015
Executive Care group bought out of administration
The Executive Care group, which runs 25 homes, went into administration on 26th November. The press headline is about jobs saved, but 1,100 people in 26 homes across the country, will be grateful I’m sure.
Monarch Alternative Capital,a private investment company that specialises in purchasing companies described a “distressed debt” now run the group.
I’m sure quality of care will be more important to them than return on investment. Time will tell.
28th November 2014
Legal and General property fund
The Legal and General property fund have acquired three homes from the Careplaces fund, for £25.2 Million.
The homes are run by Care UK and are in Stratford-upon-Avon, Kidderminster and Stansted.
The homes are on 30 year lease deals with RPI increases, and provide homes for 187 people.
25th November 2014
Four Seasons Healthcare
Four Seasons Health Care has seen earnings drop by 22.3% to £19.9 million (2013: £25.6 million) for the quarter ended 30 September 2014.
17th Nov 2014
Mitie healthcare division announces 20% drop in half year profits. that’s ok though! It’s only means they make £4.5 million not £5.6!!! Compared to last year.
St Cloud Care sold for £30m.
St. Cloud Care run 6 nursing and residential care homes in England and Wales. The business is believed to have been sold to investment companies Golden House and Ravad for around £30million.