Life Style Care reports profits and plans for further expansion

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

Care provider Life Style Care has reported record operating profits of £5.839 million. The London-based company attributes its success to controlled organic expansion of its business and careful central control of capital cost. In 2002 the company established new care centres in Dagenham, Greenwich and Tooting, increasing the total bed number to 1,247 in 18 care homes. Managing director Ramesh Sachdev said Life Style Care planned to further expand its care centre portfolio, adding 372 more beds in the South East of England where demand remained buoyant. Four sites have been acquired by the group within the M25 area. “In September, Life Style Care acquired a site in Reading, Berkshire which will be developed for a 130 bed nursing home,” Mr Sachdev said. “Development of this project will begin early in the new year. Another site in Luton will add 80 beds to the group¹s total. “Our management team is now looking to acquire a site for 100 beds in Putney and a second for 62 beds in Hornchurch in Essex.”

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