The problem with profits: As Ontario’s long-term-care homes stagger under a COVID death toll of more than 3,000, some say it’s time to shut down for-profit homes for good

“The for-profit sector isn’t one sector. It never has been, really. Instead, it’s a wild mix of large chains, family-run companies and a new breed of equity-backed turnaround projects targeted for hefty returns.” A lengthy but informative item from Richard Warnica Business Feature Writer, Toronto Star, Tue., Jan. 26, 2021 “Long-term-care home residents in OntarioContinue reading “The problem with profits: As Ontario’s long-term-care homes stagger under a COVID death toll of more than 3,000, some say it’s time to shut down for-profit homes for good”

Care Homes: How You Should Communicate Your Information

It is never an easy decision to move into care. It is usually a big step, only being finally taken when every other alternative has been explored and exhausted. The decision is charged with emotion;  often being taken by the person’s family at a time of crisis when their relative is in poor health. GivenContinue reading “Care Homes: How You Should Communicate Your Information”

Care Homes & Consumer Law: Fair Trading

If you own or run a care home anywhere in the UK, you must ensure your residents are treated fairly under consumer law. This applies to both state-funded residents and those who pay their own fees. Care home owners and managers will need to be very clear about how consumer law applies to them andContinue reading “Care Homes & Consumer Law: Fair Trading”

New business guidance released for care homes

Temoor Iqbal writes about a new free online resource from the Chartered Trading Standards Institute (CTSI)  Further info from comms@tsi.org.uk In the past few years, evidence has been mounting to suggest that UK society is ageing fast. A recent Government Office for Science report revealed that around 14% of us will be over 75 by theContinue reading “New business guidance released for care homes”

Corporate care home collapse and ‘light touch’ regulation: a repeating cycle of failure

He concludes that the rights of hedge funds and private equity investors to extract profit from the care home sector are given priority than the rights of older people to a secure home at the end of their lives. Corporate care home collapse and ‘light touch’ regulation: a repeating cycle of failure

Marketing to the mature market

Edna Petzen, Residential Forum member The UK population has been steadily getting older and this trend is projected to continue in the future. In 2016, there were 11.8 million people aged 65 years and over, representing 18% of the total population. By 2041 this age group is set to increase to 20.4 million and makingContinue reading “Marketing to the mature market”

‘Opening a New Care Home’

A book review from Des Kelly OBE Ironic, isn’t it, that there are more publications on closing care homes than on opening them! Given the considerable investment that a new care home represents (at least £3m and often much more) this is a significant gap – one which this new guide ‘Opening a New CareContinue reading “‘Opening a New Care Home’”