Join our community of smart investors

Cambian buoyed by CareTech approach

The two care homes may operate in similar areas of the market, but stark differences in management have resulted in very dissimilar success rates
July 11, 2018

Care home operator CareTech (CTCH) doesn’t shy away from mergers and acquisitions. It doesn’t need to. With £10m of cash, headroom in the banking facilities and an average cash conversion rate of 91 per cent since 2013, it’s got the financial firepower for takeovers. It has also proved adept at acquisitions and integration. The purchase of new properties (or old ones that need regenerating) has helped spark compound annual revenue growth of 8 per cent in the past five years. 

IC TIP: Hold at 376p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in