The prolonged breakup, sale and demise of what remains of former UK nursing home giant Four Seasons Healthcare continues, with a further nine care homes sold for over £16m in cash. Will anyone claim the rest?
Winter is coming, and for the health care sector the end of the year could see a weary workforce and soaring costs push some groups to breaking point. HBI speaks to a selection of operators, analysts and advisers to understand how groups are planning for the potentially difficult months ahead.
UK nursing home operator HC-One faces a potential staffing disaster with reports that nearly 40% of its workforce is threatening an exodus over “poverty pay”. The GMB union demands a real living wage for all staff at the ‘kind care company’, however, HC-One disputes this survey figure. HBI investigates.
Across Europe, nursing homes are in crisis. Between scandals in France, insolvencies in Germany, the threat of regulation in Spain, and fair fee woes in the UK, HBI hears that the nursing home sector is the least attractive healthcare services sector for investors. Are things really that bad - and is the threat of mass bankruptcies real?
Last week, large UK nursing home operator HC-One announced its acquisition of Ideal Carehomes. An additional 36 homes in England will be added to the provider's growing portfolio with another facility expected to open up in Cheltenham next September.
Outside France, nursing home group Orpea has largely escaped scrutiny in the countries it operates in following its well publicised difficulties, except in its French-speaking neighbour - Belgium. HBI catches up with two operators in the region to hear what the knock-on reputational impact has been like for Belgian businesses.
With UK for-profit group Cygnet Health Care being fined £1.5m last month following the death of an inpatient at Ealing Hospital in 2019 - the largest ever penalty imposed on a mental health provider - we speak to four European experts to consider how punitive fines from regulators are impacting providers’ bottom line.
Elderly care in the Netherlands has been stuck in a state of limbo for a while now. Political upheaval over the summer and the collapse of a four-party coalition government after 18 months in power has only made the future of care - and the implementation of planned budget cuts - harder to predict. HBI chats to a consultant to find out more.
Madrid-based REIT Healthcare Activos has rediscovered its appetite for M&A. HBI speaks to the group to find out why now was the right time for it to reenter the M&A arena - and why Germany is the market it plans to target next.
After a dragged-out sales process lasting over a year, UK care home operator Four Seasons Health Care (FSHC) has finally confirmed the conditional sale of some of its remaining homes. Eleven are due to sell for a total of £41.3m in cash. The deal is expected to be completed later this year.
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