Mastodawn

Why are private equity investors buying up fostering agencies & homes in England?

Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.

What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.

Once again we are seeing profiteering on the backs of the vulnerable!

#children #PrivateEquity
h/t Observer

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AnneH

@ChrisMayLA6 Ah, interesting. I went down this rabbit hole a couple of days ago via a new SEND school being set up locally. This led to a multi-school & fostering org called Compass. Look behind Compass & find a PE called Granite who seem to have sold to another one called Cap10. Separately, a number of smallish independent schools have also been bought. Thanks for the tip - I'll go & see if I can get hold of the Observer.