Tristone Healthcare sees revenue jump in milestone year

Tristone Healthcare – the care division of privately-owned investment company, Tristone Capital – has reported a three-fold increase in revenue in 2021 across its community of businesses.

In the calendar year, revenue rose from £3.84 million to £16.16 million across the Tristone community – which includes Premier Care Management, ProCare Wales, Sportfit Support Services, CFS Care and Juventas Services. This follows the announcement that Tristone Capital has successfully raised £20 million of capital to fund further growth in 2022.

In a year of continued expansion, Tristone’s portfolio has seen employee numbers grow to 364, while supported accommodation placements increased by 30%. In total, the community of businesses has supported 349 vulnerable and looked-after people; registered children’s home capacity grew two-fold; school placements increased by 240%; and fostering placements rose from 10 to 17.

Yannis Loucopoulos, CEO of Tristone Capital, said: “It really has been a landmark year for our community of businesses, which have worked extremely hard in tandem with Tristone Healthcare to meet the varied and complex needs of the many vulnerable and looked-after people in our care.

“The pandemic has emphasised the vital role that these services play in supporting both young people and adults – whether that’s through supported accommodation, fostering, or children’s homes.”

In addition, community living and residential care placements for vulnerable adults remained steady for the portfolio in 2021, with an average occupancy level of 90%.

Loucopoulos added: “2022 will continue to pose considerable challenges to the social care sector, as the market attempts to balance budget, resource, regulatory and COVID-19 restraints. However, 2021 has shown that social care providers are robust, and leaders are determined to tackle the obstacles ahead.
“We’re extremely proud of the efforts made by our community of businesses and we’re keen to focus further on important areas such as environmental and societal impact through our involvement with the Better Business Act and our commitment to creating a carbon positive workforce through the Ecologi climate change programme.”

Each month, Tristone Capital will plant 12 native and diverse trees per employee in Madagascar, Mozambique and Nicaragua. The planting projects, carried out by Ecologi’s partners Eden Reforestation, help to support communities and reduce poverty by employing local workers.

Through the scheme, each employee’s entire carbon footprint will be offset, including home living and personal travel, holidays, food and hobbies. In addition, Tristone staff will be given tips and ideas on how to live more sustainably.