Profits slide after tough regulatory year for Runwood Homes

Profits slipped at operator Runwood Homes after an ‘unprecedented’ number of inspections and subsequent suspensions were placed on its care homes last year. Its financial report showed that turnover increased by 7.3% to £139.6m (2017: £130.1m) during the year ended 30 September 2018, while cost of sales grew to £87.9m, up from £84.7m in 2017….