Posted by Hazel Phillips,
When selling a pharmacy business, the key considerations for sellers are to achieve the asking price, exit quickly and cleanly and keep professional costs down.
In order to achieve this, it is vital that sellers are well-prepared with compliant and complete documentation. Our experience has shown that very often the same issues crop up resulting in delays, additional costs and opportunities for buyers to re-negotiate prices and request retentions. To increase your chances for a smooth process- plan ahead!
Over the next 20 years the number of people aged 65 and over is estimated to increase by nearly 50%, a total of approximately 4.75 million people. This means that increasing numbers of families are having to consider the costs of paying for care at a nursing or residential home, costs which are now exceeding £1,000 on average per week.
At the end of 2017, the Chief Coroner published his annual report on inquests over the preceding year. The report provides useful insights for care providers on the common pitfalls in care provision that have been identified during inquests and how to avoid similar incidents being repeated.
National provider Maria Mallaband Care Group has changed its policy on charging fees following the death of a self-funded resident. Under the new policy, fees are only charged up to the date of death.
Many dental practices occupy their premises under occupational leases. This can bring many benefits, such as a requirement for less capital outlay than freehold ownership, and the possibility to secure a space in a great location where there are no freehold opportunities available. Leases are also time-limited, but is that a help or a hindrance?
The Competition & Markets Authority (CMA), the consumer watchdog, published the final report of its care home market study on 30 November 2017. Two of the key themes in the report are the urgent need for funding reform and concerns about care providers using unfair contract terms.
The Government’s latest response to the sleep-in pay crisis is the introduction of a new Social Care Compliance Scheme (SCCS).
Under the scheme, providers who have not paid sleep-in shifts in compliance with the National Minimum Wage can self assess their non-compliance and repay workers with protection against HMRC enforcement action.
In April 2015 CQC assumed responsibility for prosecuting providers for all health and safety related incidents, taking over from the Health and Safety Executive and local authorities. Nicola Cutler and Mei-Ling Huang in our Health & Social Care team explore cases to date and explain what providers should consider when facing a criminal investigation.
Along with the introduction of the new KLOEs this November, changes are afoot for the PIR.
Following on from my article in June, CQC has now published its response to the second round of consultation on its proposals for reforming the adult social care regulation.
As a result of the consultation, changes to the inspection regime will be implemented over the coming months, starting from 1 November 2017.
The Local Government and Social Care Ombudsman’s review, ‘The Right to Decide: Towards a greater understanding of mental capacity and deprivation of liberty’‘ makes difficult reading. It brings into sharp focus the struggles faced by the industry in meeting its obligations relating to the Mental Capacity Act and in particular in respect of Deprivations of Liberty.