Losses increase as Tracscare grows

In the first full year following its acquisition of Brookdale, Tracscare reported a 28.6% rise in revenues for the year ended 31 March 2017 from £44.5m to £57.3m. Of this, £40.2m came from residential services (2016: 34.4m), £12.4m from therapeutic services (2016: £8.6m) and £4.6m from supported living (2016: £1.5m)  Cost of sales increased accordingly…