Are our debt-ridden care homes on the brink of meltdown asks the Daily Mail?
July 6, 2016
Ruth Davidson has written a savage analysis of the precarious finances of the UK care home sector in today’s Daily Mail, quoting Opus research and comments by our Business Risk Adviser, Nick Hood:
‘A significant number of the major operators have private equity-style business models, which means minimal capital and a lot of debt,’ says Mr Hood. ‘That is not great in a sector where it is a struggle to make a profit at all.’