Home Health ‘Treating children like cattle’: what happens when...
Health

‘Treating children like cattle’: what happens when private equity takes over a UK care home?

Key Points

Experts raise alarm as firms aiming to maximise assets and sell for profit become more involved in vital public services‘Financial pandemic’: £1 in every £11 spent on UK public contractors goes to private equityNurseries, vets and shops: the sectors where private equity plays a big rolePrivate equity companies have slowly and invisibly increased their involvement in public services – from elderly care homes to fostering placements for vulnerable children – with some unintended consequences....

Experts raise alarm as firms aiming to maximise assets and sell for profit become more involved in vital public services

Private equity companies have slowly and invisibly increased their involvement in public services – from elderly care homes to fostering placements for vulnerable children – with some unintended consequences.

Take Compass Community, a private equity-backed firm which provides children’s homes, fostering services and schooling for children with special educational needs (Send).

Continue reading...
UK (LOCATION) Compass Community (ORG)
Originally published by The Guardian Health Read original →