It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

[2] The company was launched on the London Stock Exchange in March 2013 and used the proceeds to purchase as series of care homes with the main care home chains as its tenants.

[7] Target Healthcare went on to buy the portfolio of the Yorkshire based company, Darrington Healthcare, in December 2019,[8] and then to acquire a large and diverse portfolio of 18 care homes in December 2021.

[9][10][11] Investors Chronicle commented in March 2021 that the COVID-19 pandemic had put care home operators under considerable stain, thereby increasing the risk for landlords such as Target Healthcare REIT, but the roll-out of the COVID-19 vaccine was reducing the sector risk.

[14] The UK market is much less developed than that in the US; analysts at S&P Global Ratings have suggested that the UK REIT market "needs to grow a lot bigger" and involve "greater specialization".