CareTech to be taken over in £870m deal
27th Jun 2022 07:53
(Sharecast News) - AIM-listed residential social care provider CareTech said on Monday that it has agreed to be taken over by a consortium led by its co-founders for £870.3m.
Read moreCareTech ends first half 'broadly' as expected
16th Jun 2022 11:39
(Sharecast News) - Social care provider CareTech reported a first half performance "broadly in line" with its own expectations on Thursday, despite increased costs due to the Covid-19 pandemic, and a lower-than-targeted occupancy due to sector-wide staffing challenges.
Read moreSheikh brothers, Dbay given four more weeks to make CareTech offer
30th May 2022 12:02
(Sharecast News) - CareTech announced an extension to its put-up-or-shut-up deadlines with both Sheikh Holdings and Dbay Advisors on Monday, as the battle to take the care provider private continued.
Read moreCareTech trades 'broadly in line' amid staffing pressures
3rd May 2022 08:53
(Sharecast News) - CareTech said in an update on Tuesday that group performance for the first half was "broadly in-line" with its expectations, despite Covid-19 causing some staffing pressures.
Read moreCareTech ready to recommend sweetened Sheikh offer
14th Apr 2022 09:50
(Sharecast News) - CareTech confirmed on Thursday that its co-founders had sweetened their offer to take the company private, as the battle between the Sheikh brothers and asset management firm Dbay Advisors continued.
Read moreDBay enters battle to take CareTech private
4th Apr 2022 08:43
(Sharecast News) - DBay Advisors entered the fray in the battle to take CareTech private on Monday, announcing a higher possible offer than the Sheikh brothers' upgraded proposal.
Read moreCareTech founders make improved proposal to take it private
1st Apr 2022 09:58
(Sharecast News) - CareTech announced an improved possible offer for the company on Friday, as its co-founder brothers continued their plans to take it private.
Read moreCareTech co-founders mulling bid to take it private
7th Mar 2022 07:43
(Sharecast News) - CareTech's co-founders are planning an offer to take the social care provider private, they confirmed on Monday morning, following media speculation over the weekend.
Read moreCareTech purchases stakes in two UAE-based businesses
7th Feb 2022 09:41
(Sharecast News) - Social care services provider CareTech has acquired stakes in two businesses in the United Arab Emirates for an upfront payment of £11.9m, with £5.5m in deferred cash payable.
Read moreCareTech publishes first ESG 'purpose report'
28th Jan 2022 12:39
(Sharecast News) - Social care and education service provider CareTech announced the publication of its first 'purpose report' on Friday.
Read moreBerenberg lowers target price on CareTech
13th Jan 2022 10:22
(Sharecast News) - Analysts at Berenberg lowered their target price on care homes operator CareTech Holdings from 700.0p to 660.0p on Thursday, stating both top-line growth and margins appeared to be under pressure.
Read moreCareTech ends year 'slightly ahead' of market expectations
7th Dec 2021 09:11
(Sharecast News) - Social care and education services provider CareTech described a "robust" financial performance slightly ahead of market expectations on Tuesday, with full-year revenue increasing 13.8% to £489.1m.
Read moreCareTech's Smartbox acquiring Rehavista in EUR 10m deal
29th Nov 2021 10:25
(Sharecast News) - Social care and education service provider CareTech announced on Monday that its group company Smartbox was acquiring Rehavista and its subsidiary company LogBUK.
Read moreCareTech reports 'robust' end to financial year
21st Oct 2021 14:57
(Sharecast News) - Social care and education services provider CareTech reported a "robust" financial performance in line with market expectations for the financial year just ended on Thursday, as net debt was reduced to £259m.
Read moreTuesday broker round-up
22nd Jun 2021 12:49
(Sharecast News) - United Utilities: Deutsche Bank downgrades to hold with a target price of 1,050p.
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