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The Courier
22-04-2025
- Health
- The Courier
Forfar minor injury unit facing axe in Angus centralisation plan
Forfar's minor injury and illness unit is facing closure in a shake-up of Angus-wide services. The Whitehills Health and Community Care Centre facility is one of two remaining district MIIUs. But it is now under threat after health chiefs identified a centralised Angus service at Arbroath Infirmary as their preferred option in a major service redesign. They say the new plans would bring enhanced Community Treatment and Care (CTAC) services for long-term conditions, wound care and blood sampling across the district. However, the return of an MIIU to Montrose – closed in 2022 – has been ruled out. The centralisation option follows an initial round of public consultation over Angus-wide MIIU services. In February, Angus integration joint board (IJB) considered a strategic vision report on MIIU provision. It agreed to an initial round of public consultation. A survey presented four options: There were almost 2,200 responses. One of the main themes was in relation to extended opening times. Angus Health and Social Care Partnership say that over a seven-day average, 21 people a day require MIIU treatment at either Forfar or Arbroath. Most have a limb injury that is likely to need an X-ray. And on average a person goes to MIIU once every 10 years. A new survey has now been launched to gauge opinion on the preferred option. AHSCP says it will look at whether the centralised Arbroath MIIU and enhanced CTAC plan is workable and meets local needs. It rejected the idea the changes are all about saving money. 'The proposed review is clinically driven and aims to deliver high-quality, patient-centred care,' said AHSCP. 'Enhanced collaboration between minor injury and CTAC services aims to optimise the use of resources and ensure the long-term sustainability of services.' A final decision on the changes is expected to be made by Angus IJB in June.
Yahoo
07-03-2025
- Business
- Yahoo
Ctac's (AMS:CTAC) Solid Earnings Have Been Accounted For Conservatively
The market seemed underwhelmed by last week's earnings announcement from Ctac N.V. (AMS:CTAC) despite the healthy numbers. We did some analysis to find out why and believe that investors might be missing some encouraging factors contained in the earnings. Check out our latest analysis for Ctac Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. For the year to December 2024, Ctac had an accrual ratio of -0.14. That indicates that its free cash flow quite significantly exceeded its statutory profit. Indeed, in the last twelve months it reported free cash flow of €7.0m, well over the €3.91m it reported in profit. Ctac did see its free cash flow drop year on year, which is less than ideal, like a Simpson's episode without Groundskeeper Willie. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Ctac's accrual ratio is solid, and indicates strong free cash flow, as we discussed, above. Based on this observation, we consider it likely that Ctac's statutory profit actually understates its earnings potential! On the other hand, its EPS actually shrunk in the last twelve months. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Ctac as a business, it's important to be aware of any risks it's facing. For example - Ctac has 2 warning signs we think you should be aware of. This note has only looked at a single factor that sheds light on the nature of Ctac's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
