How fast are Europe’s PE-owned care groups growing?
Rapid expansion is taking place across many of Europe’s largest PE-owned nursing home groups. We’ve compiled data on growth in the revenue, number of facilities and number of beds for ten of EMEA’s largest PE-owned nursing home groups.
The ten groups are: Colisee, Care UK, Domus Vi, Domidep, Groupe Maisons de Famille, Tertanium, Alloheim, Vitanas, Kursana and HC One.
The majority of these saw revenue growth of more than 10% in 2022. HC One is the only which didn’t grow at all (and actually shrunk).
The strong double digit growth that most of these groups are currently seeing is driven by price increases, as fees in many countries have been significantly increased to reflect cost increases due to inflation, as well as occupancy levels recovering post-Covid. Growth in bed and facility numbers was in most cases significantly lower.
There were two exceptions to this: Care UK and Domidep massively expanded their capacity in 2022, and in both cases their revenue growth lagged behind growth in bed numbers.
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