Margins resilient, says Harris

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

‘Healthcare is one of the most recession proof sectors and nationally, occupancy is hardly changed while fees continue to increase at 1-4% pa,’ comments Henry Harris of Edward Symmons.

‘There is some squeeze on margins from higher utilities costs, the national minimum wage and regulation but margins of 25-35% still remain typical when care homes are well run. Capital values are, however, suffering as profit multipliers drop due to opportunistic offers by buyers and again, most owners that do not need to sell are sitting tight.

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