Monday, June 14, 2010

Stable profits in the Care Home Industry but at a cost

Occupancy rates are declining in UK care homes. This amongst a stack of other stats is a conclusion in the latest Colliers CRE report about the Care Industry.

Whilst the fees being charged have gone up a tad the only way that profitability has been maintained is by squeezing costs. There is a limit to how long you can do this for before standards start to deteriorate.

Add to all of this the dire outlook for spending by local authorities and you come to the inevitable conclusion that the Care Industry is in for a tough time.

If you work in the Care Industry then this is a must-have report.  Dick Stroud

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