CareTech makes major acquisitions and launches £30m share placement


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

Specialist care provider CareTech announced a strong set of interim results in mid-June, along with an equity fundraising share placement of £30m.

Occupancy across the company’s facilities is reported to be 94% with sales increasing by 23.5% to £30.7m; EBITDA has grown by 51% to £7m.

CareTech has also announced a £30m placing at 420p to provide further firepowe





Comments are closed.


Latest blog posts

Shuffling to some purpose – or just fancy footwork?

By guest blogger JEF SMITH

Spare a thought if you will for the hard pressed people who have to update government information. Well into 2018, for...

Life support for the NHS

By Caring Times editor GEOFF HODGSON

To outline a comprehensive remedy for the ongoing and worsening woes of the beleaguered NHS would take a little more...

A flight of festive fancy

By Caring Times editor GEOFF HODGSON

Christmas Past: It’s cold outside but inside the care home the star atop the tree beams its rays of hope...