Primecare
Primecare is part of Acromas Healthcare – combining extensive provision of domiciliary care services. [1]
"Saga has been busy extending its reach in the domiciliary care sector. On 6 December 2010, home care provider Nestor announced it was to be acquired by Saga, and on 1 February 2011, Saga acquired all outstanding Nestor shares for £1.10 per share. As Nestor is no longer a listed company, it has ceased publishing shareholder information. However, half year results for the six month’s ended June 30, 2010, showed that operating profi ts increased 35 per cent to £5.9 million. Social care profi ts increased 42 per cent to £6 million on revenues up seven per cent at £55.7 million. Gross margin increased to 10.9 per cent, compared to 8.2 per cent. Primary care operating profi t of £1.5 million on revenues of £22.2 million was slightly down on the previous year. Cash generated from operations was £6.2 million and closing net borrowings at the half year were £11.9 million." [2]
