CMA clears CareTech's £372m acquisition of Cambian
8th Feb 2019 08:01
(Sharecast News) - The Competition and Markets Authority has unconditionally cleared CareTech's £372m acquisition of Cambian Group.
Read moreCareTech appoints Gareth Dufton as new finance director
23rd Jan 2019 09:59
(Sharecast News) - Social care outfit CareTech has tapped Gareth Dufton to take on the role of interim finance director in the wake of Michael Hill's unexpected death.
Read moreCareTech ups dividend as profits improve
6th Dec 2018 08:08
(Sharecast News) - Social care provider CareTech recorded improved profits in its last trading year, leading the group to propose an increase to its full-year dividend.
Read moreFriday broker round-up
26th Oct 2018 12:16
(Sharecast News) - Polypipe: Numis upgrades to buy with a target price of 450p.
Read moreCaretech growth on track as Cambian acquisition beds in
26th Oct 2018 08:31
(Sharecast News) - Caretech on Friday reported an increase in capacity at its supported living facilities across its recently ended financial year and updated investors on the integration of newly acquired Cambian.
Read moreMonday broker round-up
22nd Oct 2018 12:35
(Sharecast News) - British Land: Credit Suisse downgrades to underperform with a target price of 620p.
Read moreLiberum initiates coverage on CareTech with 'buy' rating
17th Sep 2018 17:16
(Sharecast News) - Analysts at Liberum initiated coverage on CareTech with a 'buy' rating on Monday, noting that the UK market for social services was worth £16bn and still growing.
Read moreCareTech agrees to buy Cambian for up to £372m
16th Aug 2018 09:34
(Sharecast News) - Social care services group CareTech has agreed to buy rival Cambian for either 190p per share in cash or 100p per share in cash and 0.267 shares.
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreCareTech raises £30m in ground rent agreement
19th Feb 2016 09:41
(ShareCast News) - Social care provider CareTech said it had raised £30m in cash to support its growth strategy through a ground rent deal. Under the terms of the agreement, the freehold to 41 CareTech properties will be transferred to Alpha Real Capital's managed funds in exchange for the cash and
Read moreCareTech expands to acquire ROC North West
1st Dec 2015 09:34
(ShareCast News) - CareTech Holdings will acquire ROC North West and all of the children's residential properties which it operates from for up to £11.425m. The AIM-listed specialist social care services provider announced the deal on Tuesday. It said it will pay an initial cash payment of £8.725m,
Read moreMonday broker round-up
26th Oct 2015 08:57
(ShareCast News) - Zoopla Property Group (wi): Berenberg Bank reiterates to buy, reduces target price to 300.00p. Northgate: Jefferies upgrades to buy, reduces target price to 530.00p. Brammer: Jefferies upgrades to buy, lowers target price to 260.00p. National Express Group: RBC Capital Markets u
Read moreCareTech shares up on acquisition and funding news
29th Jul 2015 14:19
(ShareCast News) - Shares in CareTech rose after the social care company said it was acquiring a Scotland based care provider and had extended loan facilities. At 1346 BST shares in the AIM-listed stock were up by 2.51% to 245p. CareTech said it would by Spark of Genius for £9.23m, made up of £7.48
Read moreCaretech says H1 was in line with expectations after increasing bed capacity
15th Apr 2015 11:50
Social care services group Caretech said on Wednesday that its half year results were in line with expectations. During the period, the group increased their capacity by 25 beds, in order to enhance margins. However, it reduced its net capacity to 18 within fostering, owing to changes in the number
Read moreWife of CareTech Strategic Director reduces company holding
13th Jun 2014 16:29
Specialist care and housing support services group CareTech on Friday announced that a company wholly-owned by the wife of its Strategic Director, Stewart Wallace, has traded in 300,000 shares, reducing its stake to 32,750. Wallace's beneficial interest has been maintained at 473,374, but with his
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