Growth by acquisition


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

Some long-term care home operators grow in size through acquisition, while others increase their portfolio through building new homes in areas where the marketplace can accommodate them. Craegmoor Healthcare is currently the sixth largest operator of private care homes, owning some 160 homes across the breadth of the UK, and claims to be the largest provider of specialist care in the country, specialising in areas such as learning disabilities and mental health. The company has expanded its operations though the acquisition of established care homes with a good reputation. Craegmoor¹s director of property services Geoff Ingram says there is good reason for this. “Although in the short term the purchase of an established home can be more costly than building our own, any existing home that we acquire will have built up good links with the local community, and health and social services,” he said. “These relationships would not exist if we built a completely new home and, as a result, are of tangible value t





Comments are closed.


Latest blog posts

Time for a ten dollar answer

By Caring Times editor GEOFF HODGSON

Ernest Hemingway was known for his minimalist style and he used to pooh-pooh what he called “ten-dollar” words. Not to...

Lacking capacity

By guest blogger JEF SMITH

A friend of mine diagnosed with cancer – now, happily, treated – was asked how he could possibly have missed the...

Care homes – understated examples of tasteful design

By Caring Times editor GEOFF HODGSON

Dozens of recently-built care homes are material proof that it is perfectly possible to design aesthetically pleasing buildings and put...