Encouraging signs in a confused picture

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

|By Richard Hawkins| Despite almost 20 years of trying to read the tea-leaves in the care home market ­ I am confused. I am confused because two sets of people whom I greatly respect are telling me rather different stories. On the one hand care home owners, including the representative bodies such as the NCHA, the RNHA, Scottish Care and ECCA are telling me that fees are unrealistically low, that beds are being lost at a frightening pace and that the sector is in crisis and needs the Government to take urgent action. On the other hand, seasoned business transfer agents in the sector report an insatiable demand for care homes. Christie & Co, the largest national agent, says it is selling record numbers of care homes, and its message is repeated by all the larger agents round the country. Bed values have risen strongly in parallel, to the point, frankly, where one must begin to question the economic case for them. One example illustrates the above differences in opinion very well. A well-known valuer recently

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