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Specialist care now key to social care infrastructure

Peter Jennings Peter Jennings

While specialist care has been less exposed to the devastating effects of COVID-19 than elderly care, service providers have still had to contend with protection and absence of employees. And they have had to do this while facing the challenges of a decade of public sector austerity.

Post-COVID-19, will lessons have been learned and will social care in general be held in higher esteem? Following the media’s initial focus on acute care in the NHS, the social care sector has now been recognised as the new front line and a vital part of UK infrastructure. Will the funding follow and will the future be brighter?

Watch healthcare intelligence provider LaingBuisson’s webinar, sponsored by Grant Thornton, in which experts share their views and experiences of the adult specialist care market:

Watch our sponsored webinar

Speakers include:

  • William Laing, Chairman, LaingBuisson
  • Peter Jennings, Partner, Grant Thornton
  • Steve Scown, CEO, Dimensions
  • Mitesh Dhanak, CEO, Precious Homes
  • John Whitehead, CEO, Exemplar Health Care
  • Webinar chaired by Henry Elphick, CEO, LaingBuisson

During the webinar, Peter Jennings discusses investor activity in the adult specialist care market. Key discussion points include:

What were we seeing pre-COVID-19?

  • An increasingly diverse investor base, including infrastructure funds, property funds and private equity funds were entering the space, making it a more mainstream investor class
  • Specialist care increasingly being viewed as core social infrastructure
  • Continuing consolidation – with various drivers making it harder for smaller operators to keep pace with a rapidly changing environment

How has coronavirus impacted the specialist care sector?

  • Specialist care has been resilient, less affected than other care settings and is now seen as critical infrastructure
  • Care workers are beginning to get the recognition they deserve
  • Operational stress rather than financial stress has been a key characteristic
  • The sector has received more focus from investors as a defensive asset class

What is happening now in terms of investment?

  • It is a challenging mergers and acquisitions environment but a number of deals are progressing
  • Virtual working is allowing deals to move forward (virtual due diligence, virtual site tours, remote property surveys, etc)
  • Larger assets that were lining up to come to market in 2020 are still likely to do so
  • Some investment funds are refocusing on specialist care
  • Debt fund appetite will help to determine how quickly investment activity will rebound
  • We are likely to see infrastructure funds here to stay in the sector

To discuss these topics further, contact Peter Jennings.

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