Careforce reports boost in turnover

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

Major AIM-listed homecare provider Careforce has reported a 70 per cent increase to £14m in turnover in its interim results for the six months to January 31, 2006. Careforce chairman Peter Stone said the a group had grown rapidly, largely by acquisition. “Studies of the demographics of England demonstrate a steady climb in the number of elderly people in the population for many years to come,” said Mr Stone. “This clearly suggests a rapidly-increasing need for the services provided by Careforce and other providers of services to elderly people. Careforce is in the business of saving local authorities money by providing cost-effective domiciliary care. “Our market position is that we seek to provide best value in the form of high-quality, reliable service at an affordable cost. “As with last year, we expect our second half results to reflect the benefit of various seasonal factors including price increases. “We are pleased with the progress we have made and look forward with confidence.” Operation

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