LONDON (Alliance News) - CareTech Holdings PLC on Tuesday said that its current trading is in line with the board's expectations.
In his annual general meeting statement, Chair Farouq Sheikh said: "I am pleased to report that CareTech's trading performance in the year to date is in line with the board's expectations. We have delivered on all of our key work streams, which has been achieved against the backdrop of the Cambian acquisition, the subsequent CMA review and the sad passing of our Finance Director Michael Hill.
"Following the completion of the Cambian acquisition in October 2018, the CMA placed an interim hold separate order over the combined business. Following its phase 1 review we were delighted to have received unconditional clearance in mid-February. We have set out our plans to improve the performance of the core Cambian business and deliver synergies for the enlarged group and we remain on track to deliver these."
Looking ahead, the company said it will continue to focus on the integration of Cambian and remains confident in its future prospects.
CareTech shares were trading up 0.9% at 350.00 pence each.
