Trinity Care: the word spreads
Article Abstract:
Trinity Care usually achieves an occupancy level of 97% in the company's nursing homes from nine to 12 months after they have been opened. The company is taking twelve months to achieve this as local government reduces budgets for nursing home care. Local government accounts for more than half of the company's business with the remainder accounted for by contracts with health authorities and private payments. The company has 11 homes and aims to increase the proportion of business from health authorities and private payments to some 33% each.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Tamaris banks on yet more beds
Article Abstract:
Tamaris has increased the number of its nursing homes to 15 from three between 1993 and 1996 and has almost 1,000 beds. UK nursing homes are benefiting from a slower rate of new build and the departure of some smaller concerns. The company's older homes have an occupancy rate of 93% and growth is likely to come largely from acquisitions. The company aims to expand to 2,000 beds by the end of 1996 and 3,000 beds by year-end 1997. The company's profit is forecast at 2.1 million pounds sterling for 1996 to 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Westminster Health Care
Article Abstract:
Westminster Health Care has invested 63 million pounds sterling in nursing homes since the company was floated in 1993. The UK Community Care Act has affected referrals by local authorities but the company has maintained occupancy levels at 91.5%. The company aims to invest 30 million pounds sterling annually in expansion and a share issue is scheduled for Aug 1995. A pre-tax profit of 18.9 million pounds sterling is forecast for 1995-1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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