Colliers paints bleak picture of long term care

Despite an increase in average fees rates over the first half of 2011, profit margins for care homes have shrunk thanks to payroll increases, occupancy falls and the general impact of inflation. And with the continued impact of the Southern Cross situation and bad national publicity for both elderly care and specialist care, the latest outlook from Colliers International’s head of healthcare is that the situation is unlikely to improve in the short term’.