Care UK buoyed by profit increase

Posted on June 1st, by editor in Caring Times. No Comments

In its interim results for the six months to the end of March, Care UK plc has reported a 25 per cent increase in operating profit for a pre-tax total of £4.2 million. While residential care services account for about two-thirds of Care UK’s turnover, the acquisition of Premiere Healthcare in January added 25 per cent to the company’s homecare volumes. Finance director Mike Parish said the health and social care market continued to offer good opportunities for high quality service providers, and Care UK had invested in enhanced skills, and was developing new services to enable the group to benefit from these opportunities. “Demographic projections for the next 50 years suggest that the number of registered care facilities for elderly people would need to double unless care strategies are changed to more mixed residential and home-based solutions,” Mr Parish said. “The Government’s strategy is to invest in new services involving specialist homecare combined with emergency short-stay residential care.” Mr Pari

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