Demand for places in Target’s care homes ‘remains encouraging’

Kenneth MacKenzie, Target Fund Managers chief executive officer
Kenneth MacKenzie, chief executive officer,Target Fund Managers

Resident occupancy across Target Healthcare’s portfolio of care homes continues to recover towards pre-pandemic levels. Demand for places in its homes remains ‘encouraging’, with growing weekly fee rates helping improve rent cover and profitability. A quarterly update as at 30 June 2023, showed 99% rent collection (31 March 2023: 97%), reflecting improved trading and demand…

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