Held to Ransom: What happens when investment firms take over UK care homes
Centre for the Understanding of Sustainable Prosperity
15th June 2022
Trinava Consulting worked with researchers at the Centre for Understanding Sustainable Prosperity to understand how working and care conditions changed when investment firms took over care homes.
“The involvement of investment firms in the UK’s adult social care sector is a cause of mounting concern. Many of the strategies that investment firms use to achieve returns for their investors expose whole chains of care homes to large costs and increase the risk of bankruptcy and closure. This ‘financialisation’ of care has been implicated in the high-profile collapse of several large care home chains. However, little research has been done looking at the direct impact of these strategies on workers and service users in the care homes themselves.
In this report, we present the findings from a series of interviews with care workers who were working in care homes during, or shortly after, they had been taken over by an investment firm.“