LONDON (Alliance News) - CareTech Holdings PLC on Thursday said trading for its recently ended first half has met expectations, underpinned by its recent strategic initiatives.
Net capacity at end-March was 2,572 places compared to 2,534 places last September, while also compared to September, occupancy levels were unchanged at 93%.
CareTech's net debt at the end of March was GBP146.7 million compared to GBP147.1 million in September.
Chairman Farouq Sheikh said: "I am pleased to report another solid performance in the six months ended 31 March 2018, highlighting the growth trajectory that our strategy is delivering.
"We continue to deliver our exciting growth strategy through organic initiatives and bolt-on acquisitions whilst continuing to seek larger acquisitions in the highly fragmented sector in which we operate."
Shares in the residential care home operator were flat Thursday at 415.00 pence each.
