Tough first year financially for HC-One

In its first set of accounts, HC-One, formed when the leases of 240 Southern Cross care homes were transferred following its collapse, reported revenues of £277.2m for the 14 months ended 30 September 2012, based on 11 months of trading. The company made an operating loss of £2.2m, taking into account £4.6m of non-recurring additional…