Market report: corporate consolidation continues
Major providers of care homes are strengthening their hold on the care home sector, according to figures released by sector analysts Laing & Buisson. Their report says major providers now own or operate 212,000 of the 411,000 places in independent sector care homes for older people across the UK – a market share of 52% (compared with 49 per cent in 2006).
The top ten providers operate 97,000 places between them (24% market share), including market leader Southern Cross Healthcare with 8 per cent market share).
Of the top ten, seven are in the private sector – including BUPA Care Services, a for-profit division of a provident association, which is number two in the league table with a 5% market share. The other three are voluntary organisations, the largest of which is Anchor Trust with a 1 per cent market share.
The specialist care home sector, in contrast, has witnessed a slight decline in corporate activity overall, though some providers, notably the AIM listed Caretech Community