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Report on the financial crisis in residential and nursing homes

 

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Report on the financial crisis in residential and nursing homes

A report from the Centre for Health and Public Interest (CHPI) identifies where each pound that goes into the care home industry ends up, by using a forensic study of the accounts of more than 830 adult care home companies, including the 26 largest providers.

It finds significant levels of leakage of money from frontline care, including to profit, rental bills and debt repayments. The companies examined have a combined income of £10.4 billion, representing 68% of the total estimated market value for independent providers in 2017. More.....