There have been a number of very positive developments around Four Seasons recently, that are covered in more detail in the company developments and news sections of the website, but I would just like briefly to highlight some of them here as I think that together they tell a story of the sort of organisation we are.
A new study of residents in our PEARL specialised dementia care homes has confirmed a reduction, averaging 48 per cent, in the requirement for antipsychotic medication, together with dramatic reductions in usage of a range of other medications and a corresponding improvement in the wellbeing of participants. Reducing the use of antipsychotics is a national priority and in this respect Four Seasons is at the forefront of dementia care. The PEARL dementia care programme has been recognised by national awards and is now studied by healthcare providers internationally.
Our specialist care subsidiary The Huntercombe Group's Frenchay Brain Injury Rehabilitation Unit has won the Independent Specialist Care Award for excellence in the provision of brain injury rehabilitation services.
The company's innovative e-learning initiative has proved so successful that the millionth learning module has just been completed. E-learning enables employees to improve their care skills and gain qualifications by studying at their own pace and when it is convenient for them. The company's approach to learning has been ground breaking and is setting the standard for learning in the sector. Today more than 27,500 Four Seasons employees actively participate in e-learning.
Four Seasons Health Care has acquired Optimum Care, which operates 17 care homes. This is the first significant strategic addition to Four Seasons since it came under the ownership last year of Terra Firma, one of Europe's leading private equity firms. The homes have a reputation for quality and are a good geographically with our portfolio.
Dr. Pete Calveley