Carewatch growth slowed by LA cuts

The UK’s second largest domiciliary care provider Carewatch experienced a slowdown in its revenue growth last year.The operator recorded a ‘network turnover’ of £138.6m for the year ended 31 December 2011 (being the gross turnover of 98 franchised branches combined with 51 company-owned ones). This represents a rise in revenues of 2.7%, compared to increase…