LONDON (Alliance News) - CareTech Holdings PLC said Friday its annual trading has been in line with market expectations.
For the year ended September 30, the social care services provider's net capacity in residential and supported living was 2,622 places, higher year-on-year from 2,534 places.
Occupancy levels in the mature estate remained unchanged at a "strong" 93% while the blended occupancy, which includes newly opened services, was flat at 86%.
At September 30, net debt was GBP147.0 million, broadly flat on the prior year, reflecting an investment in new properties and IT systems.
Earlier in October, CareTech completed the acquisition of Cambian Group PLC. The specialist education services provider for children which has now become CareTech's second trading division.
Chairman Farouq Sheikh said: "We enter the current year having just completed the substantial acquisition of Cambian, a highly complementary business.
"Our vision is for the group to be a leading, nationwide and integrated provider of social care pathways in the UK to children and adults, with continued growth and care excellence. We look forward to the future with confidence."
Shares in the company were trading up 1.7% at 350.90 pence.
CareTech will publish its annual results on December 6.
