Four Seasons continues improvement

Britain’s biggest care home group, Four Seasons Health Care, has said its turnaround is gathering pace, with improved occupancy and revenues.

Its parent company, Elli Investments, said 89.6% of the group’s care home beds were occupied, the highest level for more than three years. Revenues rose 9% to £174.3m in the three months to 30 September, and earnings before interest, tax, depreciation and amortisation climbed 40% to £19.7m.

One-off costs related to the sale or closure of homes and restructuring costs, meant the group’s quarterly loss before tax widened to £27.6 million from £25.6 million.

 

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