Care Homes are continuing to close

The care home industry is in crisis. Since 2010, more than 380 have been declared insolvent and Care Homes continue to close at a steady rate. According to the Care Quality Commission, five hundred care homes have closed in the capital in the past decade. Almost 2,000 care homes in England have closed over the past 6 years, with providers claiming that this is due to the living wage and gap in funding for care.

Homes face brutal financial challenges including the increased living wage and a stubborn gap between what local authorities are prepared to pay and what the industry says is the cost of care.

Large companies are also struggling. The biggest care home operator in the country with over 400 properties and 20,000 beds is more at risk. According to the Financial Times in December 2016, Four Seasons closed or sold over 51 homes for the elderly over the past 18 months.

Clearway has provided empty property security services for many different care homes across the UK ensuring all properties are safe from unwanted intruders. Securing a care home includes temporary alarms, steel screens and doors, and the help with temporary security cameras allows you to sit back and relax.

You can always speak to one of our vacant property specialists on 0800 085 8695.