Emeritus Prof Christopher MayFeb 1

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

Show threadEggs now in different baskets.

@ChrisMayLA6 There is a long running debate about private day care provision here in Norway.

There are strict rules about how much private owners can take out of the business as a private day care is supposed to be non-profit.

It has lead to a few cases in recent years where private day care owners went a bit too far with creative accounting sometimes taking out quite large sums out of their business.

Which was against the rules.

Feb 1 at 11:50amWeb
Show threadEmeritus Prof Christopher MayFeb 1

@the_wub

Thanks, very interesting - boosted