Care home sector offers opportunities for growth

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

The nursing and residential homes market has seen much slower growth over the last five years than during the 1980s as the sector has suffered from restrictions on public spending and more stringent regulation by the authorities. This has combined to reduce occupancy rates and profitability, resulting in consolidation among some of the major players in the market. According to a report by market analysts MSI, this situation is about to change, and although the market will not return to the buoyancy of the late 1980s, MSI expects there will be renewed market growth and increased profitability over the next few years. Working in favour of the nursing and residential home market is the general ageing of the population. However, the growth in the sector over the last five years has been constrained by limits on local authority funding which have reduced occupancy rates in many homes and put financial pressure on many of the operators. !Fragmented This pressure has seen further consolidation in an otherwise very f

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...