- Target Healthcare said it had agreed to acquire eight care homes and 31 retirement apartments, in four separate deals, for a combined £81.3m including transaction costs.

The acquisitions had been identified in advance of the company's recent £80m equity placing.

They would see the rapid deployment of the majority of shareholders' funds, reducing the potential for cash drag, Target Healthcare said.

The assets were located in Yorkshire, Gloucestershire and Dorset.

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