Report: some operators may be preparing to exit

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

A number of long term care providers are maximising profits at the expense of long term survival in the sector, according to a new market report by analysts Plimsoll Publishing. The report speculates on which companies will figure in the future of the residential care sector and focuses on the key players, suggesting of how the company may move forward. “Each company has been assessed on its own merits and its performance analysed to expose areas of strength and weakness,” says Plimsoll. The analysis names nine companies which Plimsoll says are losing pace, three of which had sales of more than £4.7 million. “These companies are not alone in their retreat, as 25 other companies have been named that require a period of great change in order to compete,” says Plimsoll. “Many companies have elected to capture market based on debt. While the risk associated with this strategy is high, the short-term effect on others is profound. “Of course who can criticise a strategy of maximising profits if only perhaps if it

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