With business activity in the care home and wider social care sector at a decade high, Rachael Anstee, Partner at Hazlewoods, considers the growing business within a group structure versus a standalone limited company.
Specialist health and social care finance brokers, Chandler&Co, comment on the care sector space year to date, looking at how interest, both from providers (new and existing) alongside the lending market is re-energised as we move forward from the pandemic.
Whether acquiring your first care home or developing a group of care homes, business structure from the start is key.
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Looking at a growing trend in the converted care home property market there are several options to pursue.
These include reassessing demand in the local area and the community need. The demand for converted independent care homes continues where a growing need has been identified and the care home has future potential, whether this is for an extended care facility or a change of use for a supported living provision from a residential service.