Expanding Care UK posts £3.25m profit

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

In posting its unaudited interim results for the half-year to March 31, 2000, Care UK plc has applauded the Government¹s stated willingness to involve the independent sector with the provision of intermediate care for elderly people. The company, which provides nursing, residential and domiciliary care for elderly and mentally ill people and adults with learning disabilities, reported pre-tax profits of £3.253 million, an increase of 18% on the same period last year. Chief executive Richard Clough said strategic acquisitions had been made during the period with contracted revenue of more than £205 million. He said Care UK¹s bank facility had been increased to £50 million to ensure funds were available for further expansion . “Our outsourcing strategy, working in partnership with the NHS and Social Services, has been consistently successful,” Mr Clough said. “The company is now ideally placed, given the recent Government proposals to use the private sector to a greater extent in delivering the modern heal

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