The care home market is expected to be buoyant in 2021. If you are considering buying a care home, there are various key elements to the due diligence required. By Derek Ching partner in the commercial property team at Boyes Turner
Anyone who is considering buying a care home needs to undertake thorough due diligence. This is always time well spent and will minimise the chance of potentially expensive surprises happening later on in the purchase process, or even after the deal has completed.
Key elements include the following:
- Property and planning issues
- Signs of underinvestment
- CQC registration