MIDAS - PUTS YOU IN CONTROL
There is no doubt that there is a massive demand for home care – both currently and even more-so in the future. There is also a requirement for new owners to add vitality and a new dimension to those already operational.
The 65 plus population in England will grow by around 2.5 million over the next 5 years. And according to Alzheimer’s UK there will be another 225,000 people living with dementia by 2031.
However local supply of homecare across the country is so varied it is not just a case of “if you build it they will come.” In some areas it will be a case of adding to an already over supplied area and your ability to find clients will be affected, and you may find it a struggle to recruit enough staff.
But you may well have found yourself a gold mine. Such is the local supply situation in England.
To help with this CSI have created MIDAS, a local market intelligence business model that we have been supplying to care providers since 2014. Whether buying, opening, lending, or investing MIDAS will give you all the information you need to decide whether or not to progress with a particular opportunity, and if so how much it is really worth.
And if you are selling, MIDAS could support your sales proposition by proving a level of continued and increasing demand that will ensure sensible occupancy levels and maximise your market value.
Each report starts for any postcode in England and an agreed working radius of between 5 and 10 miles.
MIDAS comes in three versions.
The original model that we have called CLASSIC that includes:
A detailed Executive Summary
Population profiles and forecasts for 2026 and 2031 for both resident and workforce age groups
Local supply and demand levels by care type and age group cared for
Capacity for extra home care locations within the area both currently and in 5 and 10 years-time
Full details of competitor locations within the area
Local care quality levels (CQC Inspections)
Local household demographics – identifying local ownership levels within 65 plus households (prime private funders)
Each report includes a separate Excel spreadsheet carrying full competitor and demographic data included within the report that can be manipulated and mapped.
MIDAS CLASSIC is available for just £750 plus VAT. To request a report or for more information please email us now or call 01903 25 65 19
Introduced in 2020, MIDAS +CONTROL has all the features of MIDAS CLASSIC with the addition of a control location, the performance of which is known to you, and can be used as a comparison model for the subject location.
MIDAS CONTROL is available for just £1,000 plus VAT. To request a report or for more information please email us now or call 01903 25 65 19
Developed towards the end of 2020 and launched at the start of 2021 MIDAS Snapshot is exactly what its name suggests – a quick and inexpensive snapshot carrying information will help you decide what potential the location holds.
In just eight pages using two tables and five charts the MIDAS Snapshot will give you a great understanding of the local market. Measure the potential of a location very quickly and extremely inexpensively.
It may help you to decide to walk away if the picture is not good, saving yourself time and further unnecessary expense.
However if there does look like there is an opportunity to move forward - you will be ahead of the game and competitive bidders. You can even claim a 100% refund if you wish to purchase either the CLASSIC or CONTROL reports for the same location.
To request a report or for more information please email us now or call 01903 25 65 19
All the data is based upon up to date and robust information provided from the CQC, ONS population and demographic data, and is independent and objective – not coloured by a vendor’s objective of making their client's proposition look better than it may be.
If you would like to see an illustrative report, please contact us now
we can also discuss costs and supply details.