Growth potential in the South West
The South West is about to become a focus for major private care home operators, according to James Hanson, partner in the private sector healthcare and senior living team of King Sturge, a property consultancy.
‘The region currently has around 2,000 care homes, the vast majority being small, owner-managed operations,’ Mr Hanson told the firm’s annual South West media briefing. ‘To date the region has pretty much been ignored by the big private operators but now it is seen as having huge growth potential because, in addition to being a popular place to retire, the ‘demographic time bomb’ means the South West’s population is ageing even faster than in other parts of the country.
‘Many care homes in our area are small and often outdated, so in years to come we can expect to see a transformation in the quality of provision with more modern, purpose-built accommodation planned as the big private operators target the region.’
Mr Hanson cited the new private hospitals being built at Peasedown St John ne