Care home profitability dented due to rising costs

Julian Evans, head of healthcare, Knight Frank

Staffing remains the number one challenge for care home operators both in terms of cost and recruitment, according to global property adviser Knight Frank. Average staff costs increased 50% over the past decade, measuring £25,938 in 2018/19 on a per resident per annum basis. The rise was down to increases in the National Living Wage,…

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