Stuart Evans, partner and head of commercial litigation at law firm BLM, outlines the key issues for care homes to plan for growth amid the impact of Covid-19.
There has been no shortage of commentary on the challenges facing care homes in recent years, which has intensified during the pandemic. High infection and fatality rates, a lack of testing and PPE, a loss of income due to lower occupancy, reduced staff levels and reputational risks have created a challenging atmosphere for the sector.
Amid a second wave of infections and lockdown in England, there are concerns that many care homes may go out of business. While these existential threats will be the primary concern, for viable care businesses it is important to plan for the future in order to ensure sustainable growth.
Have a clear acquisition or exit strategy
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