US investors buying UK care homes pose risk to reform plans
The Care Quality Commission warned that growing private investment in English care homes could threaten government plans for a universal National Care Service.
FTMQ Health, written by our newsroom0 views
The Care Quality Commission has warned that private companies buying care homes in England could undermine government plans for a universal care service, the BBC reported. The health regulator stated that it is watching the situation carefully as large firms expand their market share. [1]
According to the BBC, the five largest care home firms have increased their market share by 26 percent over the last two years. This expansion is being driven by interest from American property investors, with the top five firms now owning approximately one in seven care homes. [1]
Private equity involves stock in private companies that is offered to specialized investment funds rather than the general public. These investment firms take an active role in managing and structuring the companies they purchase. [2]
The regulator noted that while private investment can offer benefits, there are growing concerns over the trend. The BBC reported that regulators fear this shift could lead to higher prices and a reduction in service availability. [1]
In short
- The five largest care home firms increased their market share by 26 percent in two years.
- The top five private firms now own approximately one in seven care homes in England.
- The Care Quality Commission warned that private acquisitions could hinder a National Care Service.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Private care home investors a risk to public sector, regulator saysBBC Health, 1h ago (the report this story comes from)
Background
- [2]Private equity on Wikipedia
Our newsroom writes these reports with the help of software, from the 2 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Health
Earlier reports of ours on the same people and subjects.
- Care Quality Commission warns over growing NHS child waiting timesTop Stories, 56m ago
- Medicare for All Message Resonates with Voters Facing Rising Medical BillsHealth Care, 15d ago
More in Top Stories
- FDA approves HIV drug dolutegravir for full-term newborns55m ago
- Potassium binder sodium zirconium cyclosilicate may ease dietary restrictions in hemodialysis patients56m ago
- Researchers develop clinical tool to improve chronic kidney disease diagnosis56m ago
- Care Quality Commission warns over growing NHS child waiting times56m ago
- University of Nebraska Medical Center receives nearly 82 million dollars in federal funding1d ago
- Attacks on water infrastructure directly harm public health, experts warn1d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.