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Nestor Trading Update

Nestor Trading Update
Healthcare staffing specialist Nestor Healthcare Plc says its operating and financial performance in the first 4 months of 2009 were in line with its expectations.
The company said its Social Care businesses continued to perform well, delivering good returns. Its two private homecare businesses, Country Cousins and Patricia White's, also continued to deliver "excellent returns". Nestor said net borrowings as at April 22 were 17.8 million down from 19 million at the end of last year.
In October last, the company had sold its Carewatch unit for 37 million to Lyceum Capital, reducing its debt, saying that the debt had been identified as a key stalling point in previous takeover talks.
The company also said it was confident that its banking facilities could be renewed no later than December 2009, when they are due to expire and on terms acceptable to the group.

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