Review shows slowdown in corporate investment

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

Latest details of corporate providers’ care home holdings are contained in Laing & Buisson’s Long Term Care Directory of Major Providers 2000. Based on results from Laing & Buisson’s most recent survey completed in February 2000, the directory shows that corporate providers’ share of the UK care home market stopped growing in the last year. Two hundred and sixty-seven for-profit providers with three or more care homes now own or lease 2,400 care homes for older and physically disabled people with 113,400 places, representing 30% of all for-profit care home capacity for these client groups. Figures have hardly changed over the last year, in contrast with the year before when corporate providers’ share jumped from 26% to 30%. Laing & Buisson director William Laing cited two major reasons for the slowdown in corporate investment. “First, most local authorities are unwilling to pay fee rates which are sufficient to encourage investors to build new care homes for state-funded clients. Only a handful of corporate p

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