The financial crisis gripping the UK care home sector
March 10, 2014
What are the key pressure points putting care homes at risk of financial failure? Steve Parker, a licensed insolvency practitioner and a partner at Opus Restructuring and Nick Hood, business risk analyst at Company Watch, share their views.
There is no magic bullet which will return the care home sector to the secure financial footing that residents, their anxious relatives and society should be entitled to take for granted as normal. Instead, operators will continue surviving on a hand-to-mouth basis and earning a pittance.