Increased agency costs contributed to a 3.1% drop in Four Seasons’ EBITDA in 2017.
Four Seasons Health Care (FSHC) today confirmed it will be unable to pay interest on its debt in December as talks on restructuring proposals with its creditors continue.
US based real estate investment trust (REIT) Welltower has reported a 1.1% rise in group revenue to US$1.09bn (£828m) in the three months to the end of September.
Earnings for Four Seasons for broadly in line with the year earlier period with a rise in fees and occupancy offset by an increase in costs.
Target Healthcare REIT has posted strong results in the second quarter of 2017 with a net asset value (NAV) return of 1.9%.
Runwood Homes saw a rise in turnover and occupancy levels in the financial year ending September 2016.
Four Seasons Health Care posted “positive progress” in the first quarter seeing a rise in care quality, occupancy and financial results.
Four Seasons Healthcare Group has reported a strong turnaround in operational and business performance in 2016.
Higher occupancies and fees boosted helped Four Seasons continue its positive momentum in the third quarter of 2016.