Private equity ownership of residential homes in the UK

Topic

Is private equity ownership of residential homes in the UK by companies appropriate for delivering consistent, high-quality care

Instructions

Critically discuss whether private equity ownership of residential homes in the UK by companies such as Four Seasons is appropriate for delivering consistent, high quality care. The discussion should consider different types of ownership for residential care, the different fee payers and the alternatives. The CRESC public interest report ‘Where does the money go? Financialised chains and the crisis in residential care’ is an important in addressing the question and you should read before answering the question
(“MoneyReading.pdf”)
1400 words

Answer preview

Adult care is an important social good for citizens in the UK, where the government funds social care services to be provided to those in need. The adult care industry is run by profit and non-profit companies who received funding from the local authorities to provide the services (Laing Buisson, 2014). However, the current situation in the sector is characterized by big UK companies that speak for the industry. These companies have precipitated a crisis by pursuing their own profit interests while advancing the narrative that the problem is caused by the failure of the government to pay enough money to the companies it has outsourced adult care functions to (Burns et al., 2016).

Word count: 1723