Healthcare e -m ag 19th November 2008 Property - Insurance - Recruitment - Products - Training - Immigration Independent fortnightly voice and vision of the long term care sector Issue 6 Volume 1 LTC - The Low Risk Sector Should the providers sell now? Should the banks compete to lend more to the LTC sector? Is it the time to evaluate performing and underperforming care homes? What yield to expect from the sector in the future? How concerned should the providers be about the looming recession (if it's not here yet)? These high valued questions are simmering in everyone's mind. This publication feels providers should tighten their belts and sit tight. The turbulence will be over soon and clear skies will await you. Comedy actor Reg Varney, best known for playing driver Stan Butler in ITV sitcom On The Buses, has died aged 92, following a short illness in a nursing home in Budleigh Salterton, Devon. The Onslaught Of Severe Recession And Then, know your LTC Sector Philip Hall Director GLP Taylors Selling Care Home? Anita Allen of DC Care says: "Non Domestic Energy Performance Certificates (NDEPC) are required for all sales or letting of commercial property ( including care homes) after 1 October 2008. Sales can now not complete unless a nondomestic energy performance certificate is in place." Page 5 Baby P Commission for Social Care Incompetence The Past The Present & The Future NDEPC For existing operators with good cash flows and supportive lenders, there will be few other sectors able to match the potential returns offered by healthcare. For those not having to sell because of death, financial distress or divorce, there may be few reasons to sell and the lack of good quality stock coming to the market may prove to be a major source of frustration to prospective buyers. "What a difference a year makes" Page 4 IHe06.indd 1 A Ghoulishly Good Day Excelcare Homecare arranged a spook-tacular day out! 19/11/2008 09:28:46