Refurbishments impact on revenues but EBITDA up at PiC Partnerships in Care (PiC), the leading provider of medium secure psychiatric services, poste

During the year, the group spent almost £23m on refurbishments and developments aimed at expanding its portfolio. The temporary closure of two units for complete refurbishment impacted on group revenues as occupancy was scaled back. The first of these units in South Wales was reopened in October 2006 towards the year end. A second unit…