About nursing homes and care for the Elderly

Although it is very difficult to know exactly how many nursing homes there are in Spain because the statistics are made from the regions.  There is no doubt that it is a growing sector that in ten years (from 2008 to 2018), went from a turnover of 4,055 to 4,500 million euros and would have reached 4,800 in 2020 if it had not been for the pandemic. Thus, according to public data, in 2019 there were 372,985 places in Spain (in 5,417 nursing homes).   This is to serve a population over 65 years of age of about nine million people, which means a little more than 4 beds for every 100 people over 65 years of age. If the 5 beds per 100 elderly people recommended by the experts are to be reached, Spain will need to build 70,000 nursing homes in the coming years. The private nursing home sector is undergoing a process of concentration and the arrival of foreign capital. The large groups are the result of the merger of several companies. For instance, Domus Vi is made up of two la...

Care home industry in Spain is in continuous growth and in a trend towards concentration and internationalisation. This is the line of evolution of the number of nursing homes in Spain according to the DBK consultancy, which has been publishing sector reports for years. This is the top 10 of the companies and entities that manage long term care homes in Spain according to the prestigious magazine Alimarket Sanidad y Dependencia.  To find out much more about them, it is worth subscribing to the magazine https://www.alimarket.es/sanidad. A care home has two clear aspects, on the one hand there is the property and on the other the management company. In the real estate field, Healthcare Activos, which already owns 17 geriatric assets in operation and another six in the pipeline, has continued to develop its growth strategy in the sector. Specifically, in September 2019, the company transferred all its assets to the new company Healthcare Activos Yield, in which a group of investors gr...

The global pandemic of covid-19 is leaving a large number of people affected. Due to its characteristics, the most affected population, with a high mortality rate, is the elderly (according to data from the Spanish Ministry of Health, 80% of those who died from the virus were over 70 years of age). This circumstance and the particular situations of each nursing home, which must be analysed with rigour and caution (safety conditions, late reactions, etc.), have led to a reflection on the care and business model for the care of the elderly who require a residential solution. Of the 5457 centres, 1394 are publicly owned, regardless of management, and 4063 are privately owned. The national average shows the following balance: 74.4% of the homes for the elderly in Spain are privately owned, with an average of 69.8 places per home. Of the total number of places (59.8%) are publicly funded and the rest (40.2%) are privately funded. According to data from the Institute for the Elderly and Soci...