More homes for Mimosa

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

Using some of its recently-acquired £15m in new funding, Mimosa Healthcare has purchased two care home in the Lancashire area and is in the process of acquiring four-home group in the West Midlands. This will take Mimosa, founded by Anthony Massouras in 2000, to about 1150 beds in 24 care homes. The company has adopted a three-year plan to increase revenue by a mix of increased occupancy and higher fee levels realised through the development of more specialist (mainly psychiatric) services in its existing portfolio. Mr Massouras said the type of services being developed were largely determined by local demand and trends, in consultation with referral and commissioning agencies. “A further area that Mimosa is developing is a bespoke service for people suffering from problems with alcohol, giving us an introduction into the field of addiction services” said Massouras. “To this end, the company has opened its first eight-bed unit in Lincolnshire which, as a result of demand, is being expanded to 14 beds,” said

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