Meridian maintains even keel

Despite a 5% fall in occupancy levels, revenues at care home provider Meridian Healthcare (Holdings) only experienced a marginal drop to £32.5m in the year ended 31 March 2013, from £32.8m in 2012. After a £1m reduction in administrative expenses, however, Meridian recorded an operating profit of £7.6m, the same figure as the previous year….