Download the April edition of Care Home Professional today to see some of the year’s most comprehensive market research on our industry crunched and analysed in one handy package.
We pick out the most relevant data from LaingBuisson’s keenly anticipated Healthcare Market Review. The report lists the top 25 care homes in the UK by number of homes and beds, and offers solid analysis on the balance of risks and opportunities facing the care home sector.
You wait for one great report to come along and, like double-decker buses, two appear at the same time. The second important study is from Respublica, a respected think tank with close ties to Westminster politicians. Respublica believes that over £3 billion is being spent keeping older people in hospital after their treatment has finished and proposes that this money should be moved into a Fast Track Discharge Fund that care homes could tap into when they welcome people from hospitals.
Our Big Interview this month is with the managing director of Signature Senior Lifestyle, which is arguably the most luxurious provider of assisted living and care home beds in the UK today. Signature supremo Aidan Roche has been with the company since it was formed 10 years ago, and reveals to Care Home Professional how the group intends to add 2-3 new homes per year for the foreseeable future as the affluent boomer generation cash in on the wealth stored up in their millionaire mansions (or 3-bed semis worth a million+ in London’s suburbia).
Two more experts in care home investment, from Savills and Healthcare Property Consultants give their advice on the hottest segments of today’ market. HPC’s Ian Wilkie thinks that mid-size care home groups with a handful of properties are ready to step up and take on the larger corporates. This could suit an industry where big does not always mean beautiful. Savills would agree, and its head of healthcare, Craig Woolham, adds that there are opportunities for groups that excel at acquiring the correct land and properties in the right parts of the country and at the right price. This has become a key battleground, with UK and international real estate investment trusts poised to provide cash for any operator that can build and operate in the more affluent parts of Britain.
One thing is certain, you can’t build a great care home from the top down. You have to start from the ground up, which is why we devote an entire feature in April to the business of flooring. This is a far more technical matter today than it used to be when the choice was between blue vinyl or blue vinyl. Advances in both vinyl tiling and carpets mean care homes can have striking designs that are easy to clean and enhance safety for residents.
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