Care homes have become of great interest to Private Equity not least of all as they seem to be a sustainable source of income & profits.
In an excerpt from her new book Hettie O'Brien explores what this actually entails for people in care homes, the staff & those whose loved one are residents.
Its not a happy tale.
@ChrisMayLA6
Given the number of care homes that are closing "due to financial difficulties"
I would conclude they are not a sustainable source of income.
However locally it seems the Private equity mobsters have done their usual dirty tricks and overloaded the care home with debt.
So no doubt they made a profit, while the council and other agencies have to try and re-house the very elderly and now poor residents.
Yup, that's clearly the game... its a form of asset stripping
Emeritus Prof Christopher May
Brian Smith
Mike 🇬🇧 🇪🇺