The Covid-19 pandemic has highlighted the need for innovation and investment in the UK healthcare property sector. Many operators are now considering how to upgrade their existing portfolio. Refurbishment will remain vital to keep up with the long-term demand due to an ageing population combined with the accelerated closure of underperforming assets. Many providers continue to see staffing as a major area of concern with staff costs amounting to an average of 58% of the income for the current financial year. Care homes will need to adapt their operational procedures post Covid-19 including an increased use of telemedicine.
Instructed by care home provider regarding the acquisition of two care homes. Carry out inspections and provide acquisition reports. Consider usual risks including flooding, subsidence, landfill and asbestos. Discuss reports with client and negotiate amendments to the purchase price.
