Profitability rises in UK care homes – Knight Frank

Despite the challenges currently facing the sector, profitability among the UK’s care homes has increased to 27.5% in 2016, according to property consultants Knight Frank. Its 2016 Care Homes Trading Performance Review found that profitability as measured by EBITDARM rose from 27.1% of revenue to 27.5%. This is only the second time annual profit levels…