Debt-ridden Four Seasons boosted by revenue increase to nearly £164m
Cheshire-based Four Seasons Health Care – the UK’s largest care home operator carrying debts of more than £500m - says its revenue in the first quarter of 2017 was £163.9m – 7% higher than the same period last year, on a like for like basis.
EBITDA of £11.8m was £2.6m or 28% higher, for the group owned by owned by private equity firm Terra Firma Capital Partners.
Chairman of the group Robbie Barr said occupancy across the company’s homes was 9.7%, which is 3% than the comparative period in 2016.
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