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News Signature invests over £1m in pay uplifts
Signature Senior Lifestyle has announced an investment of more than £1.4m in pay increases for its staff this year. The new investment will increase the
pay of Signature staff by up to 18 per cent. It follows a 10 per cent increase to the company starting rate last year and means that more than 97 per cent of staff have now moved to the Voluntary Living Wage Foundation rate or above.
The latest investment brings Signature Senior Lifestyle’s minimum starting rate for care roles up to at least £12.30 per hour or above – an increase of 12.8 per cent from the previous minimum rate of £10.90 per hour. Earlier this year, Signature Senior
after launching the new flexible workforce programme.
Signature Senior Lifestyle CEO Kay Cox said: “At Signature Senior Lifestyle we create a workplace that cares as much for our team as we do for our residents, and so I am delighted to be able to announce a further £1.4 m investment in the pay of our team members. “Our investment in pay uplifts, and
Lifestyle announced sector-leading employee retention rates of 96 per cent per year for its new role of ‘regional carer’, twelve months
our record employee retention rates, demonstrate the success of our ongoing efforts to attract and retain top talent in the care industry. We remain committed to continuing to recognise and reward the hard work and dedication of those who deliver exceptional care with us.”
Anavo acquires Lindridge Care Home in Hove
Anavo has acquired the 75-bed Lindridge Care Home in Hove from Sussex Partnership NHS Foundation Trust (SPFT). Brokerage for the transaction was undertaken by Lambert Smith Hampton for SPFT, and Colliers on behalf of Anavo. Edward Moore, partner at Anavo, said: “We
Four Seasons Health Care Group up for sale
Four Seasons Health Care Group – which owns 46 care homes across England, Scotland, and Jersey – is up for sale. The Group has appointed leading advisory firm CBRE to conduct the sales process. The homes trade under the Four Seasons Health Care and brighterkind brands.
Four Seasons recently announced a strong start to 2024, with occupancy over 90 per cent and improving care quality outcomes. The Group’s homes have a strong resident mix across self-funder, Local Authority, and NHS commissioned care, with a focus on nursing and dementia care. Four Seasons Health Care Group’s CEO Joe O’Connor said: “This launch of the sales process reflects the significant operational
and financial performance these homes have achieved. The homes are strongly positioned with excellent care quality, local market reputations and strong financial performance.
“In light of this, together with improved capital market conditions in the UK and early interest from the lending community, now is the right time to launch this sales process and we anticipate considerable interest from a wide range of prospective investors. “During this sales process, our priority remains the delivery of excellent care quality for all residents, and as such the Group will work closely with CBRE, potential purchasers and other counterparties, alongside relevant regulators, to ensure that the sales process doesn’t detract from this.”
are incredibly excited to welcome Lindridge to our group and see such potential in a home that is very much critical to the healthcare infrastructure of Hove and the wider area. It is clear the staff at the home are highly skilled with a real drive to provide the best possible care for residents and we are looking forward to helping them progress the service, whilst continuing to invest in the fabric of the building.”
Richard Harris, director at Colliers, commented: “Following on from their recent acquisition in Scotland, I am very pleased to have supported Anavo in another strategic acquisition for the group.”
July 2024
www.thecarehomeenvironment.com
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