By Katharine Quarmby and Sian Norris, 8 September 2021
“Those wishing to sell the financial advantages of the sector talk of its fill rates, future-proofing, an attractive market place, resilient investment activity, and solid long-term fundamentals. As Savills said in a recent blog: “We could witness surprisingly high care home investment volume in 2021.”
While many people see ‘the market’ as their parents, siblings, and grandparents; for private equity they are not much more than an investment opportunity.
In a damning assessment, a report published by the Centre for International Tax Accountability and Research in February suggested that the decision to place the “profit motive at the heart of the social care system in the UK has undoubtedly contributed to increased [Coronavirus] infection rates and raised the death toll”.”