Four Seasons Health Care expected to announce another year of falling profits

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Four Seasons Health Care is expected to report a 34% drop in profits for the 2015 financial year when it publishes its results tomorrow.

Financial analysts believe the UK’s largest operator, which is responsible for over 22,000 beds for the elderly, will reveal a earnings hae dropped by one third in the past year.

The company, which is owned by private equity giant Terra Firma, reported EBITDA before exceptional items in 2014 of £64 million, down from £94 million in 2013. Analysts are expecting earnings to drop again to £42 million for 2015.

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