Matrix Healthcare losses

Matrix Healthcare, operator of five homes with 214 beds, this month reported revenues of £2.87m (1998: £2.95m) for the year to 30 September 1999, with loss before tax of £0.73m (1998: loss £0.28m). Gross Profit margins declined from 23.9% to 16.4%.Peter Dewe Matthews, chairman of Matrix Healthcare, blamed the decline on increased staffing costs for…