CareTech has this morning announced that it has raised £32.6m (gross) in cash through a ground rent transaction to further support its growth strategy. In the immediate term, the Group’s proforma net debt:ebitda multiple is expected to fall to below 4.0x, whilst we anticipate that the proceeds will be used in due course for additional bolt-on acquisitions/ freehold property purchases – just as the Group successfully delivered following the £30.0m ground rent transaction undertaken in February 20 ....