Residential Neurorehabilitation Centre
NEUROREHABILITATION: BACKGROUND
A neurorehabilitation solution designed to achieve life-changing outcomes for adults with neurological conditions resulting from injury, illness or disease.
- 348,934 UK admissions to hospital with acquired brain injury (ABI) in 2013- 14.
- 162,544 admissions for head injury. That equates to 445 every day, or one every three minutes.
- In 2013-14, there were 130,551 UK admissions for stroke.
- 12.5 million neurology cases in England.
- The NHS spent £3.3 billion on neurological services in 2012-13.
- Shortfall of 10000 beds per annum in the UK residential neurorehabilitation.
Multi disciplinary neurorehabilitation improves function, reduces the risk of complications, creates a better chance of returning home, rather than placement in a nursing home, and also offers a better opportunity for employment If rehabilitation is not performed adequately or early enough individuals are likely to have:• Increased care levels
• Increased accommodation costs
• Missed opportunities to return to some form of workAny scheme that facilitates a good quality rehabilitation programme sooner rather than later would be of significant benefit to the client, the family and the economy as a whole.
Professor Michael P Barnes MD FRCP
On 13 Mar 2017 Professor Michael P Barnes MD FRCP wrote:
Thank you for letting me see this project idea. I can certainly confirm, as Chair of UKABIF and of INPA, that there is a clear need for more neurorehabilitation facilities in the UK. There is a shortfall of about 10,000 beds with about 4000 beds provided in the NHS and independent sectors combined and a conservative demand estimate of 14000 beds per annum. The independent sector now accounts for about 60% of beds and the NHS 40%, with the former increasing and the latter decreasing. In the North West there is a particular shortfall with an even worse under- provision than the rest of the UK. Thus I can confirm the need for this type of facility in the area. I very much like the idea of combining the centre with the legal expertise on site or nearby. I really hope the project succeeds.
Best wishes, Mike Barnes
Professor Michael P Barnes MD FRCP
Honorary Professor of Neurological Rehabilitation Chair UKABIF Chair INPA
PROPOSAL
The proposal is for a 30 bed residential neurorehabilitation unit in the North Lakes.
Financials
The NHS currently pays £550 per night for neurorehabilitation services.
Private rates are slightly higher at £600. Operating costs run at c50%.
Pre-tax profit is forecast at (based on an anticipated 70% occupancy rate):
Year 1: Operating Profit/EBITDA – : £1.901 million
Year 2: Operating Profit/EBITDA – : £1.958 million
Year 1: Operating Profit/EBITDA – : £2.026 million
Investment
The company intends using Loan Capital secured by way of Loan Agreements for a period of 5/7 years.
Minimum investment: £75,000
Maximum investment: £500,000
Investment rate of return = 12% PA
In the North West of England corridor between Chester and Carlisle there are no relevant residential neurorehabilitationservices available to victims of ABI.