Colliers CRE report


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

Colliers CRE’s Autumn Review of Care Homes Review makes the following key points:

Average weekly fees: The average fee charged per week by operators has risen in both types of home over the past six months, up 12% to �706 per week for nursing homes and a smaller increase of 4% to �492 per week for residential homes.

Occupancy Rates: After plateauing in 2008, rates fell in the first half of 2009 for both nursing and residential homes, with the proportion of occupied beds falling below 90% for the first time in nursing homes, and residential homes experiencing their lowest proportion of residents in seven years, at 90%.

EBITDAR Earnings Before Interest, Tax, Depreciation, Amortisation and Rent: The size of the average profit margin in both nursing and residential homes shrank during the first half of the year as a result of cost pressures and a decline in occupancy rates. Nursing homes averaged 29%, while  residential homes fared slightly better at 30%.
<





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...