Press Release - June 2026

• The activity of companies managing homes for the aged maintained an expansionary trajectory in 2025, supported by solid demand and rising fees. As a result, their total revenue stood at €6.1 billion, representing growth of 6.9% year-over-year.

• The total number of beds in private homes for the aged posted further growth, to 310,000, with fully private beds standing out, as they accounted for nearly 58% of private supply, versus 42% for beds under agreements with the public administration.

• INFORMA's DBK Sectoral Observatory recently published these insights in the 'Homes for the Aged' Sectoral Report.

Madrid, 11 June 2026.- According to INFORMA's (Cesce's subsidiary) DBK Sectoral Observatory—a leading provider of business, financial, sectoral, and marketing information in Spain and Portugal—the homes for the aged market posted positive performance in 2025, underpinned by growing demand for residential care services and the continued upward trend in the fees applied by operators.

The aggregate revenue of companies managing homes for the aged reached €6.1 billion, up 6.9% from 2024. 

The management of fully private beds accounted for 55% of the market's total value in 2025, at around €3.35 billion, while the management of beds under agreements generated revenue of close to €2.2 billion, equivalent to 36% of the total. Private management of beds in public homes for the aged contributed the remaining 9%, at around €550 million.

The total number of homes for the aged, public and private, stood at 5,530 at the end of 2025, with total capacity of 407,780 beds, maintaining annual growth rates of around 1% in recent years.

Private homes for the aged accounted for nearly 76% of total supply, with just over 310,000 beds, up 1.6% from 2024. Within these, fully private beds represented 57.8%, at around 179,000 units, while beds under agreements with the public administration stood at close to 131,000, accounting for 42.2% of private capacity.

The sector's business structure continues to be characterised by the presence of a large number of small companies, alongside a small group of medium-sized and large operators, some of them foreign-owned and with an extensive network of residential sites.

In the last year, acquisitions of operating homes for the aged and the construction of new sites by the largest companies continued, driving a gradual increase in sector concentration. In 2025, the sector's top five groups held a combined market share of 23.8% in value terms; the top ten operators, nearly 35%.

Data Synthesis, 2025