Private and voluntary Nursing Home operators to step up to the plate

Almost half of respondents to the NHI Annual Private Nursing Home Survey 2014/2015 have indicated that they will be willing to step up to the plate and develop the additional bed capacity which is urgently required in the coming years to cope with our ageing population demographic. This report, which was launched this week by Minister Kathleen Lynch TD was commissioned by NHI and undertaken by my colleagues in BDO.

The report demonstrates the critical role both the private and voluntary sectors play in the care of our elderly population. The road ahead is not without its difficulties for the sector, with rising costs, the difficulty in attracting and retaining staff and rising dependency levels among its key challenges. However, with an ageing population, and a significant requirement for additional beds, it is encouraging to see that 42% of respondents to the survey have indicated that they will develop additional bed numbers in the coming years.

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According to the survey the number of private and voluntary nursing homes in Ireland has decreased by nearly 4% over the last five years, despite the increasing demand for nursing home care to support the needs of Ireland’s ageing population. Since the previous survey, which was undertaken in 2009/2010, this survey found that while the total number of nursing homes in operation had reduced, the number of beds in the private and voluntary sector had increased by 1,752 beds. This represents a significant slowdown in additional bed numbers when compared with the years prior to 2010.

The survey found that there are presently 437 private and voluntary homes providing a total of 22,342 beds in Ireland. Nationally there is now one private nursing home bed for every 20.23 persons aged 65 and over in the Republic of Ireland, according to the survey.

Our specialist healthcare team is actively advising many existing and new operators in the sector in areas such as banking and raising finance, feasibility studies and NTPF negotiations.
Contact Ken Kilmartin on 061 414455 or email kkilmartin@bdo.ie for more information.

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