Ensuring that the provision of high quality residential care can work as a business model is vital – and not just because our ageing population deserves it, but because our society depends on it, says May Prentice, regional operations manager for Scotland, Silverline Care
Retail, manufacturing, leisure – every sector makes its own contribution to Scotland’s overall economy. However, residential care for older people is a sector whose role is vital not just to the economy but to society, so the health of Scotland’s care businesses is extremely important.
Unfortunately, creating a thriving business in the care sector is challenging. Silverline Care operates six homes in Scotland and two in Yorkshire. It’s business model is to buy residential care homes that have gone into administration – something that happens all too often and turn them first and foremost into high quality facilities, which also happen to be successful businesses.
Because a care home needs high occupancy to work as a business, before Silverline buys a property, it must gain an understanding of why it has gone into administration and what needs to be done to remedy that issue. This usually involves significant investment in the capital infrastructure of the home to ensure it provides the high quality environment that residents deserve.
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