CT Interview – Mike Parsons

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

|Caring Times editor GEOFF HODGSON talks to the managing director of Barchester Healthcare| Looking at the nine year history of Barchester Healthcare, and at its growth from a company operating 665 beds in 1995 to its present portfolio of about 4000 beds, it has to be concluded that there has been a thriving market for the provision of premium quality care. When I first interviewed Barchester managing director Mike Parsons in 2000, the company had much more than the millennium to celebrate ­ it had nearly doubled its bed numbers in four years, and had raised its profit margin from about seven per cent to 17.5 per cent in the same period. Already the company was outperforming the sector in general, with 92 per cent of its provision being purpose built, against a sector average of just 12 per cent. Occupancy was running at 91 per cent, against a sector average of 86 per cent and Barchester¹s fee levels of £406 had a healthy lead over the average of £368 then being realised by the sector as a whole. But that

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