Steady financial year for Meridian

Care home group Meridian Heathcare Holdings reported revenues of £32.8m for the year ended 31 March 2012, an increase of 2.5% on the previous year’s £32m. It recorded an operating profit of £7.6m on its portfolio of 30 care homes, marginally lower than 2011’s £8.5m due to slightly higher administration costs. A pre-tax profit of…