Has Orchard taken a poisoned chalice with SX homes?

Despite a 45% increase in turnover, Orchard Care Homes finished the year ended 31 March 2013 in the red. The Yorkshire-based care home operator reported revenues of £80.9m (2012: £55.5m). Cost of sales, however, rose to £59.4m (2012: £40.1m), including £2.4m from the disposal of its Tri-Care Homes business, which it sold in April 2012…