Caretech Holdings PLC - Hertfordshire, England-based residential care company - Says its trading in the six months ending March 31 have been broadly in-line with expectations despite the impact of Covid-19 and pressures on staffing. Adds Covid costs have been in part funded by UK government social care support through the Infection Control & Testing Fund and Workforce Recruitment & Retention Fund.
Net capacity at March 31 was 4,902 places, down from 4,979 places at September 21. Adult's Services decreased to 2,083 from 2,104 in the same time period due to the closure of 23 beds, 31 contract wins and 29 withdrawals. Children's Services fell to 1,996 from 2,000 with the addition of 14 beds offset by 18 bed closures/occupancy changes. Fostering decreased to 823 form 875 due to Covid-19 restrictions and a decline in foster parents. Occupancy levels in the mature estate increased to 84% from 80%.
Current stock price: 730.00 pence, down 1% on Tuesday
12-month change: up 30%
By Heather Rydings; heatherrydings@alliancenews.com
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