FIGURES SHOW THAT CARE HOMES HAVE SUFFERED FROM RISING INSOLVENCIES OVER THE LAST SEVEN YEARS
- 05 May
According to the consultancy firm, FRP Advisory, care homes were the only industry in the UK to have suffered from rising insolvencies over the last seven years.
New government figures show that 75 care home businesses covering nursing homes, homes for the elderly, residential care activities for learning disabilities, mental health, and substance abuse were declared insolvent in 2016, up from 74 the previous year, The Guardian reports.
The chief executive of Care England, Martin Green, said:
"My view is that if you ask me who is to blame, it is the government.
"The government should be delivering a very clear vision for what social care is, they should be giving clear expectations to citizens about what they should expect from the system and what they should expect to pay for. None of that is happening."
Chris Stevens, partner at FRP also said:
"The care home sector is beleaguered due to all local authorities facing overall double-digit budget cuts for this current financial year under way and beyond."
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For more details, visit The Guardian.
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Revenue Optimisation "We really appreciate the work that Support Solutions did for Home Group in securing significant additional revenue for our supported housing schemes. This really will make a positive difference to the way in which we support our vulnerable tenants". Dave Coope - Home Group