McCarthy & Stone to directly deliver care services

McCarthy & Stone has today announced that all regulated care, domestic support and property management services provided in the group’s 92 Retirement Living PLUS (Extra Care) developments will now be delivered directly by the group.

This move follows the total acquisition of YourLife Management Services Limited (YLMS) from previous partner Somerset Care – previously McStone had owned 50% of YLMS.

YLMS has provided care services in all Retirement Living PLUS developments to date and will now become a wholly-owned subsidiary of the group.

McCarthy & Stone described the move as “a significant milestone in the delivery of its new strategy to transition the business from a housebuilder to the UK’s leading developer, manager and owner of retirement communities” .

John Tonkiss, ceo of McCarthy & Stone, said: “Our partnership with Somerset Care has been hugely successful and has made a profound difference to the quality of life of thousands of older people. It has helped us to become one of the largest operators in the housing with care sector and we deliver more new dwellings of this form of housing each year than any other organisation. We are also the largest private operator by far.

“We have …