Talks are progressing over the future capital structure of leading UK care home provider Four Seasons.
Target Healthcare REIT recorded an EPRA net asset value (NAV) total return of 3.6% in the fourth quarter of 2016.
Higher occupancies and fees boosted helped Four Seasons continue its positive momentum in the third quarter of 2016.
Care home profitability rose for the first time in four years in 2015/16, property specialist Knight Frank has revealed.
The care home sector has defied Brexit uncertainty with profitability rising this year according to estate agents Knight Frank.
Higher year-on-year occupancy and rising fees helped boost Four Seasons turnover during the second quarter.
The UK’s largest care home group Four Seasons is expected to record more disappointing results tomorrow placing its future in doubt.
Bupa UK has reported a 30% rise in first half profit to £72.1 million despite challenging market conditions.
Government is introducing a fee of £6,000 in every compulsory liquidation or bankruptcy.
Watchdog will cut its overall budget from £236 million in the current financial year to £217 million by 2019-20.