Physiotherapy-led care and rehabilitation centres
- Investment StrategyHealthcare, Property
- Date of Initial InvestmentMay 2022
- Bridges ExecutivesCelia Harrison
Thesis
There are currently around c. 200,000 orthopaedic joint replacements annually – but some 20% of patients end up dissatisfied with their post-operative recovery, while one in three of these patients is unable to return to their former level of independence after a fall or surgery. According to the National Institute for Health and Care Excellence (NICE), intensive rehabilitation can significantly improve patient outcomes: its guidelines state that “intensive rehabilitation would reduce primary care visits, outpatient visits, hospital admissions [and] A&E attendances”.
Investment
In May 2022, Bridges submitted a planning application to redevelop a vacant hotel in Richmond into a 50-bed rehabilitation centre that will include an onsite specialist gym, hydrotherapy suite, consultation rooms, communal lounge and restaurant space. With consent secured, construction in now underway on site. We have since secured a second Renaiss site in Stanmore, London.
Outcomes
Both sites are targeting a BREEAM “Excellent” rating. At Richmond, the energy strategy prepared for the planning application indicates a 67% reduction in CO2 emissions versus a
standard new-build development. Stanmore is targeting EPC A.