Emeritus Prof Christopher May21h ago

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.

#CareHomes #PrivateEquity

https://www.theguardian.com/society/2026/mar/28/the-great-care-home-cash-grab-how-private-equity-turned-vulnerable-elderly-people-into-human-atms

The great care home cash grab: how private equity turned vulnerable elderly people into human ATMs

When did care homes come to be seen as recession-proof investments? And who pays the price?

The Guardian
Show threadGhostOnTheHalfShell

@ChrisMayLA6

Oh Lord, if anyone needs any evidence just look at what private equity does to nursing homes in the United States. It absolutely should be labeled crime against humanity. The same thing goes with hospitals and healthcare in general.

That has just inspired me to say that neoliberalism should be considered a hate crime against humans

Mar 28 at 10:33pmWeb
Show threadWulfy—Speaker to the machines16h ago

@GhostOnTheHalfShell @ChrisMayLA6

I've crunched the numbers, the profit-loss equation for, for-profit nursing homes is 18 months

After that time it's more profitable for the resident to die than continue living.

This is in Australian conditions.

Show threadGhostOnTheHalfShell16h ago

@n_dimension @ChrisMayLA6

Yeah, God, can we please end privatize anything having to do with health?