Health insurance company CZ is investing in developing luxury care homes for people with alzheimer’s disease, the Financieele Dagblad reports on Tuesday.

The insurance group has taken a ‘substantial minority stake’ in the Martha Florahuis nursing home in Utrecht province which will now be expanded across the country. Homes in Gouda and The Hague will open within the next six months.

Patients will pay between €4,000 and €5,000 a month on top of the income-related fee of up to €2,000 to live in one of the homes, the paper said.

The homes will not only be accessible to the very rich, Martha Florahuis director Marco Ouwehand told the FD. ‘They are also aimed at the teacher who has excess value of several hundred thousand euros in their property and wants to use that money to pay for care,’ he said.