How to buy a care home

The Business Sale Report has written an excellent guide on how to buy a care home, which is available on their website, in response to continued interest from its clients in making such investments.

Canny business buyers are demonstrating heightened interest in the care sector, which is likely to become more lucrative in the long-term given the accurate predictions of an increasingly elderly population in the UK.

In 2012, the Business Sale Report listed about 100 care homes for sale, as well as several care businesses entering administration.

As business practices have become increasingly subjected to rigorous reviews from industry officials with tighter regulations over the past decade, more care homes have come on to the market in a shake up of the care sector.

Just recently administrators at Grant Thornton were appointed to care home operator Castlebeck to sell its 20 nursing homes and hospital assessment centres after the abuse scandal uncovered at its Winterbourne View site in 2011 rocked the business.

The demise of care home giant Southern Cross in 2011 provided plenty of opportunity for buyers with the right resources who were ready to act. While this was on a grand and dramatic scale, similar care home failures are not impossible in the future providing unique opportunities.

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