Crisis, what crisis?

Posted on June 19th, by geoff in Caring Times, CT blog. 1 Comment

By guest blogger JEF SMITH

The news that there has been a drop in the numbers of nurses from the European Union registering to work in Britain caused consternation in mid-June when the Health Foundation published comparative figures for July 2016 and April 2017. On reflection though, there are three words in that sentence which need qualification – ‘news’, ‘drop’ and ‘consternation’.

Is this statistic really ‘news’, in the sense of being information which we didn’t have before, which is unexpected, which comes across as new? In reality it hardly fits any of those criteria. The UK has long depended on recruitment from overseas to make up for the shortfall of British candidates for the nursing profession, and since 2008 the majority of international nurses registering in the UK have come from other EU countries. So no-one should really be surprised that … Read More »

Care homes are looking more attractive to investors, says Savills

Posted on June 16th, by geoff in Caring Times. Comments Off on Care homes are looking more attractive to investors, says Savills

According to the latest market update from Savills Healthcare, strong fundamentals combined with an ageing demographic in the UK has made healthcare, and in particular, care homes, a very attractive asset class.

The international real estate advisor notes that the long indexed income with either RPI or fixed uplifts have made an appealing proposition for investors struggling to find similar opportunities in the mainstream markets. In addition, care home yields have moved in significantly over the last five years and now fall in line with many other traditional commercial asset classes.

Savills healthcare team director Chris Wishart said the last 18 months had seen care homes achieve unprecedented yields with those let to annuity grade tenants and in excess of 30 years unexpired attracting interest of levels below 4%

“We expect this trend to continue with the care home market being put under … Read More »

CMA’s interim report says some care homes may be breaking consumer law

Posted on June 15th, by geoff in Caring Times. Comments Off on CMA’s interim report says some care homes may be breaking consumer law

The Competition and Markets Authority (CMA) has published the initial findings of its care homes market study, and is investigating if some homes are breaking consumer law.

Launched in December last year, the market study has examined whether the residential care homes sector is working well for elderly people and their families. Having reached the halfway point of the study, the CMA has published emerging findings and announced that, as a result of information received during this work, it has opened a consumer protection case to investigate its concerns that some care homes may be breaking consumer law. This is focused on concerns about certain care homes charging families for extended periods after a resident has died, and homes charging large upfront fees.

The initial findings of the study highlight wider concerns about the sector, which will form the focus of the … Read More »

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