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.

 

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

STAY UPDATED!
Thank you for visiting CHMonline.co.uk, the website for the leading magazine for care home managers, operators and directors. If you would like to receive the editor's regular newsletters via email please subscribe here.
Are you a care home staff member or operator?
Terms:
Care Home Management (S&A Publishing) may use the information you provide on this form to get in touch with you with relevant industry news and promotions. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us. We will treat your information with respect.

For more information please view our privacy policy.
By submitting this form you agree to the terms.
SUBSCRIBE