Investing with care: The role of sustainable capital in a volatile market
Health and social care is a primary sector for our firm and that is recognised by leading law firm directory, Legal 500 who note that Druces '…is known for its focus on the care sector'. Our healthcare group is made up of lawyers who are passionate about helping a broad range of clients in an industry that is experiencing significant growth and subject to ever more complex regulation. Our team comprises individuals from our corporate and commercial, litigation and dispute resolution, property, and restructuring and insolvency teams. We have acted for many operators, owners, investors, banks and other lenders.
Druces health and social care practice is led by partner Christopher Axford, who specialises in mergers and acquisitions in regulated industries and has particular expertise in advising financiers, investors, owners and operators in the healthcare sector. He and the Druces team have worked on a number of pioneering deals, including advising on care home portfolio restructuring, big ticket care group acquisitions, as well as advising on high value financing facilities and fundraisings for innovative care projects. The firm’s healthcare team is committed to having and continually developing an in-depth understanding of healthcare’s regulatory framework.
The Care Quality Commission (“CQC”) are implementing a new assessment framework for adult social care services. Adult social care providers will need to familiarise themselves with the new assessment criteria before the changes come into force. The changes to the assessment process follow concerns that there is a high level of variability between providers in terms of quality and concerns about the sustainability of the market generally. Providers would be well advised to review their policies and make sure their business model identifies a clear strategy for achieving high-quality care, as well as recognising the need for continuous improvement, before these changes come into force.
It has recently been reported that Britain’s care home sector is under threat due to mounting financial pressures. Several reports have focused on the use of debt financing within the sector (particularly term loans) and concern about the high levels of debt carried by businesses. This article looks at what debt finance actually is, the risks (and mitigating those risks) and the future of debt finance in the care sector.
Ever since the Brexit vote on 23rd June 2016, immigration lawyers have been flooded with questions from both private clients living in the UK as EU nationals and also businesses who are currently employing EU nationals in the UK as to the on-going status of these individuals in the UK following Brexit. So, care businesses employing EU nationals in the UK should consider taking urgent action to protect their position for the future. This article looks at the steps that employers in the care industry need to take to ensure that the status of their employees are protected as far as possible.
Many believe that disabled people are underserved by the current adult social care system and the Government is facing increased pressure to do more to support disabled people. This article looks at the obligations of care homes in relation to providing care or treatment to people with disabilities and the consequences of getting it wrong.
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