Black Swan International is set to purchase its third home in Norwich and has agreed to buy another facility in Essex.
Tony Lyons, who has run the care operator since February told the Norfolk Eastern Daily Press that the group planned to build on its current turnover of around £9.5 million.
He said: “The care market is very challenging. The number of regulations which have to be complied with is considerable. The Care Quality Commission is very thorough and changes its standards regularly.
“Keeping up with legislation is hard work. A number of owner-operator homes are struggling. To be able to keep up you have to have a good infrastructure in place to comply with the changes in legislation. Add to that the increase to the national living wage – in care homes wages are more than 50% of costs – and it is a difficult time.”
Despite the challenging climate, Mr Lyons said Black Swan was continuing to thrive and was seeking to acquire more facilities in the East Anglia area.
The group currently has 300 residents in 13 homes for the elderly and disabled.