CARE HOMES REVIEW 2008 H1

Published: March 2008
Source/Company: Colliers CRE

Abstract:
Key points in this report include:

• Average fees for a nursing home bed rose to £ 665 per week in 2007, whilst beds in “Other” (mainly specialist) homes commanded the highest average weekly fees at £1,437.

• Payroll costs rose in 2007, bucking the downward trend seen in earlier years. PC (residential) homes experienced the largest increase, at around 4.2%, whilst payroll costs in nursing homes rose by 2.9%.

• Non-payroll costs as a proportion of revenue have continued to rise slightly for all types of home. This is due, in part, to increasing facilities and insurance costs.

• The downward momentum in profit margins continued for a second year, although only a slight fall was seen in 2007.