Care sector set to move out of the doldrums

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

A positive tone for long term healthcare was set by surveyors, valuers and agents Christie & Co when publishing their Business Review of 2000. Richard Lunn, corporate healthcare director at Christie & Co said: “The nursing and residential care home sector may well have reached the turning point in its fortunes. Existing operators will be working hard over the next few years to adapt their premises to comply with the new National Required Standards and we will certainly see some businesses convert back to residential or other use.” The Review notes that, where there has been a higher rate of closure of homes and conversion to alternate use, other homes in the area have benefited from improved occupancy. Christie & Co also reported areas where demand was exceeding capacity, providing opportunity for expansion for companies looking to extend their portfolios and for newcomers to the market. “In such areas local authorities, previously used to dictating their terms, are finding it hard to contract at their benchm

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