Coronavirus temporarily halts Heritage Lifecare's growth ambitions

Tue, 15 Sep 2020

HLL Holdco, which owns Heritage Lifecare, is concentrating on consolidating its existing businesses while dealing with the coronavirus crisis and is putting growth-by-acquisition on hold in the meantime, managing director Norah Barlow said. The company, which is owned by Australian private equity firm Adamantem Capital, has just reported a $16.7 million net loss for the year ended March 31, reflecting the impact on goodwill of the government's move to bring back depreciation on commercial buildings. The operating profit from HLL's care ho...

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