The advent of Covid-19 has given further pressure for the restructuring of how Care Homes operate and is encouraging many privately owned homes to come on to the market with owners wishing to retire and larger groups seeking to sell units to raise funds to reduce debt. There is a significant (and growing) market for private patients, or patients who pay a top-up fee for their residency.
Vulcan will specialise in the fastest-growing and most profitable sector – residential care for dementia sufferers.
It combines further opportunities to enhance profitability with higher occupancy levels, regular fee increases and reduced dependency on agency staff. Growth will be achieved through a buy-and-build strategy comprising the acquisition of exisiting profitable care facilities for the first 5 years of operation.