Growth by acquisition

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

Some long-term care home operators grow in size through acquisition, while others increase their portfolio through building new homes in areas where the marketplace can accommodate them. Craegmoor Healthcare is currently the sixth largest operator of private care homes, owning some 160 homes across the breadth of the UK, and claims to be the largest provider of specialist care in the country, specialising in areas such as learning disabilities and mental health. The company has expanded its operations though the acquisition of established care homes with a good reputation. Craegmoor¹s director of property services Geoff Ingram says there is good reason for this. “Although in the short term the purchase of an established home can be more costly than building our own, any existing home that we acquire will have built up good links with the local community, and health and social services,” he said. “These relationships would not exist if we built a completely new home and, as a result, are of tangible value t

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