Care home sales have been rising

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

|Christie & Co director Richard Lunn reports on the upsurge of care home sales being concluded before the National Care Standards Commission came into operation| Unusually, the number of care home deals concluded through Christie & Co in the first quarter of this year exceeded those in the company¹s largest sectors of hotels and pubs. We believe there are two reasons for this rise in care home sales. Firstly, purchasers had been waiting to see what would happen to the market once the long-awaited new minimum care standards were introduced. Having reassured themselves that the market will be stronger in the long term with a set of nationally recognised standards, rather than the wide variety of regional variations that previously led to confusion in the sector, buyers are once again keen to acquire care home properties. Secondly, we have seen a rush to conclude deals before the new NCSC came into being. Under the Registered Homes Act 1984, all applications for the transfer of care home registrations were hand

Comments are closed.

Latest blog posts

The NHS and all that jazz

By Caring Times editor GEOFF HODGSON

Last week the National Health Service marked its 70th anniversary. The irony is that, when this all too human institution...

The bland leaving the bland?

By guest blogger JEF SMITH

The headline for an interview which Sir David Behan, the Care Quality Commission’s departing chief executive, gave to The Guardian...

IT comes to CQC

By guest blogger JOHN BURTON

This month, IT is coming to CQC in person. David Behan is leaving, and DB’s replacement is IT, Ian Trenholm...