Why buy a care home?
Amid the challenges of rising costs, Covid-19 and regulatory compliance it is easy to lose sight of the fundamental strength of the care sector. Increasing life expectancy has contributed to sustained increases in demand, and self funded care complements public funding from local authorities and the NHS.
Care home provision is an essential community service and the market is increasingly fragmented and locally driven. Occupancy rates remain a key driver of profitability and these tend to be in excess of 85%. Average weekly fees have steadily increased in recent years reflecting the above inflation increases in staff and accommodation costs.
Self funded care accounts for in excess of 40% of total income for the sector and unsurprisingly profit margins tend to be higher for residential homes with a significant element of self funded provision.
We act for a wide range of care home operators as well as banks and insolvency professionals who require a more detailed and effective marketing approach. All our opportunities across the country are listed below and should you have any queries please do not hesitate to contact us.