Challenging times for the independent healthcare sector

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

Two senior officers of Christie & Co give their evaluation of the long term care market in 1999, and talk about the forces which will shape the sector’s future. By Craig Woollam, corporate healthcare director, and Richard Hulyer BA (Hons) ARICS, director, head of healthcare valuation services, Christie & Co. During the second half of 1998, when the UK teetered on the brink of another recession, the nursing and residential care home sector faced the prospect of a tough business climate and an increase in receiverships. However, since then there have been seven interest rate cuts (but also recent rises) which have done much to restore consumer confidence and set the country back on course for growth. These are, nonetheless, challenging times for the nursing and residential care home sector, which had hoped that the recent report from the Royal Commission into long term health care would resolve once and for all the thorny issue of funding. The recommendation of the Commission was that health care costs should

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