Private pay strategy proves profitable for Barchester

Barchester has recorded a 5.3% rise in revenues for the year ended 31 December 2016 from £535.6m to £563.9m. This rise was driven by higher fee rates with the number of available beds and occupancy levels dropping during the year.   Cost of sales were £501.8m (2015: £482.2m), administrative expenses were £41.2m (2015: £35.3m), leaving an operating profit…