The care home sector is under increasing scrutiny from lenders.
James Money asks why?
Despite an ageing population, care homes are appearing with
greater frequency on the watch list for lenders. To establish why,
we need to consider recent industry regulations and key performance
indicators (KPIs).
There are three main categories of care homes.
- Care only: without nursing care.
- Nursing: with nursing care.
- Other: specialist homes for high dependency patients or homes
for non-elderly patients.
These categories can be split further between those homes that
were purposebuilt or adapted after 2002, and those that were built
earlier. The significance of the date relates to the 1999 European
Union regulations, held back by the UK Parliament until 2002, which
introduced minimum room sizes and more stringent requirements for
en-suite facilities, lifts and other access and safety features.
The UK has allowed pre-existing, i.e. pre-2002, homes to retain
original
