Care home sector offers opportunities for growth

Posted on March 1st, by editor in Caring Times. No Comments

The nursing and residential homes market has seen much slower growth over the last five years than during the 1980s as the sector has suffered from restrictions on public spending and more stringent regulation by the authorities. This has combined to reduce occupancy rates and profitability, resulting in consolidation among some of the major players in the market. According to a report by market analysts MSI, this situation is about to change, and although the market will not return to the buoyancy of the late 1980s, MSI expects there will be renewed market growth and increased profitability over the next few years. Working in favour of the nursing and residential home market is the general ageing of the population. However, the growth in the sector over the last five years has been constrained by limits on local authority funding which have reduced occupancy rates in many homes and put financial pressure on many of the operators. !Fragmented This pressure has seen further consolidation in an otherwise very f

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