CareTech reports growth

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

CareTech, a listed specialist care provider, has reported further growth in 2009.

Executive chairman Farouq Sheikh trading for the year to the end of September had been in line with management’s expectations and reflected continuing progress from both organic and acquisitive growth.

‘Organic bed growth is again ahead of management expectations and our strong regional management structure continues to support local relationships in order to deliver continuing growth,’ said Mr Sheikh.

During the year  CareTech increased capacity by a further 122 beds, adding 97 beds through organic growth across its range of specialist services and 25 through the acquisition this year of ‘step down’ mental health provider Lyndhurst.

‘Our acquisitions in 2008 have been successfully integrated and the acquisition of Lyndhurst  is an important extension of our community mental health capability,’ said Mr Sheikh. ‘With leading internal quality standards, high levels of occupancy

Comments are closed.

Latest blog posts

The bland leaving the bland?

By guest blogger JEF SMITH

The headline for an interview which Sir David Behan, the Care Quality Commission’s departing chief executive, gave to The Guardian...

IT comes to CQC

By guest blogger JOHN BURTON

This month, IT is coming to CQC in person. David Behan is leaving, and DB’s replacement is IT, Ian Trenholm...

The future’s bright, alright?

By Caring Times editor GEOFF HODGSON

There has been a lot of debate about ‘hard’ and ‘soft’ borders of late (if it’s any help, I like...