Takare issues profit warning
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The pain in the nursing home sector was underlined yesterday when Takare, one of industry leaders, issued a profit warning, writes Nigel Cope. The company said that occupancy rates at some of its new homes were "disappointing" and that the homes were filling up at a "slower than expected rate".
The shares dipped 3p to 141p as the company said the slowdown would have an effect on this year's profits.
Of the 12 homes commissioned by Takare in the last year, seven are performing below the company's expectations. The seven homes account for around 10 per cent of the group's 8,500 beds.
Hamilton Anstead, the Takare managing director, said: "We would normally expect a new nursing home to be up and generating a full return 12 months after being commissioned." The under-performing homes will not achieve that criteria for an additional three months. The company will be adjusting its number of new builds during the year.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments