Scottish care home operator Renaissance is looking to lead the way in a "new type of consolidation" across the industry as it seeks to double the size of its business within the next five years. Chairman Robert Kilgour, who set up the business in 2004, said the company is marking its 20th anniversary with new plans for further expansion. This will involve boosting its current portfolio of care homes from 17 to 30 by 2029, which is expected to more than double group turnover from £46 million to in excess of £100m.
Renaissance is currently on the cusp of closing a deal to acquire its 18th care home, Mr Kilgour added, and also has plans to open two specialist care units for patients with serious head injuries and Huntington's Disease. READ MORE: South Lanarkshire defends huge increase in care home fees “For two decades, we have built up an impressive track record of improving the quality standards of the homes we bring into our portfolio," he said. "The skills and experience of our amazing and hard-working staff have underpinned this successful strategy and we are hugely excited about this next, major expansion phase.
" The strategy is underpinned by Mr Kilgour's belief that the sector is ready for a new type of "regional consolidation" following the upheaval of the Covid pandemic. According to figures from the latest national census, the total number of residential care homes in Scotland fell by 19% from 1,282 in March 2013 to 1,037 in March 2023. The fastest rate of closure.
