Demand for places in Target’s care homes ‘remains encouraging’

By
Deven Pamben
-
Kenneth MacKenzie, Target Fund Managers chief executive officer
Kenneth MacKenzie, chief executive officer,Target Fund Managers

Resident occupancy across Target Healthcare’s portfolio of care homes continues to recover towards pre-pandemic levels. Demand for places in its homes remains ‘encouraging’, with growing weekly fee rates helping improve rent cover and profitability. A quarterly update as at 30 June 2023, showed 99% rent collection (31 March 2023: 97%), reflecting improved trading and demand…

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