Karen Hedger, Emma Everett, Neil Horwood & Stephanie White attend the Knight Frank Healthcare Property Dinner 2016

On the 6th of October our Director Karen, Senior Consultant Emma, and Consultants Neil & Steph attended the Knight Frank Healthcare Property Dinner. Read Neil’s take on the evening, from a stage full of CEOs to a talk from a Knight;

“We travelled into London on Thursday looking forward to an evening of networking and debate, expecting some of the care sector’s most senior industry figures at the Knight Frank Healthcare Property Dinner. We were lucky enough to be joined by a number of key clients, both old and new, that we’d invited along for the night. We met our guests in the hotel lobby before briskly moving onto the lavish champagne reception that Knight Frank had put on at the Marriott Hotel in Grosvenor Square.

The evening commenced with a presentation on Knight Frank’s Care Homes Trading Performance Review research, based on results over the last 12 months. Following this, our panel for the evening took to the stage; Dr. Chai Patel (HC-One); John Strowbridge (Avery Healthcare Limited); Paul Jeffrey (Caring Homes); Dr. Pete Calveley (Barchester Healthcare); and Michael Parish (Care UK).

Surprisingly, for five CEOs of some of the biggest providers in the UK care market, there was quite a lot of friendly banter going on!

bright-selection-knight-frank-healthcare-property-dinner-recruitmentThe format of the discussions focused mainly on average fees in a privately funded market, occupancy rates, and the change they have seen in the last year. By what Dr. Calveley was saying, I understand there is currently a shift in the market, as we see social care move from complex nursing or general nursing homes to residential services, supported living etc. Dr. Calveley explained that the cost of running nursing establishments is very high (mainly due to lack of full-time qualified nurses, meaning that they rely heavily on agency use), and also mentioned that Barchester’s latest commission was 100% residential due to the cost of running nursing homes. Occupancy rates (percentage wise) have increased slightly from the last year, but this is not a “true” reflection as the number of beds available across the UK has fallen.

Something they touched on which I found particularly interesting was the average weekly figure for nursing care across the UK – £726 – or £600 for residential care. Broken down, this works out as a daily charge of just over £100 (for nursing) or just under (for residential). Where nursing homes are concerned, if we were to break this down further, is an hourly charge of £4.32 over 24 hours of nursing care.

Towards the end of the evening, it was a pleasure to listen to our guest speaker; Sir Ranulph Fiennes. Sir Ranulph is one of the great explorers of our time, being commended as ‘The Greatest Living Explorer’ by Guinness World Records in 1984. The expeditions he described were all terrifying, not to mention life threatening, and I really had no idea just how much money he and his team have raised for charity over the years in the process. A true hero!

Overall, I had a really great time. Good food, good entertainment & even better company, and I sincerely hope my guests enjoyed themselves as much as I did. Roll on next year!”