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.
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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.
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 (www.theguardian.com)
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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.
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 (www.theguardian.com)
@ChrisMayLA6 Profit often imply exploits rather than quality
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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.
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 (www.theguardian.com)
@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.
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@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
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Yup, that's clearly the game... its a form of asset stripping
@ChrisMayLA6 @BrianSmith950
Plus they can often be on good size plots of land.
Close, find asbestos, demolish, and hey presto! Housing development -
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.
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 (www.theguardian.com)
@ChrisMayLA6
My mother’s care home fits this dreadful private equity template. Slashed staffing levels, terrible food, raised fees and managerial chaos. No one I talk to seems to have heard how private equity operates. Dentists, vets and any small, well run organisations are fair game to these vultures. Totally evil. -
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.
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 (www.theguardian.com)
@ChrisMayLA6 Also SEND settings & private schools.
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R relay@relay.infosec.exchange shared this topic
