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The Guardian - UK
The Guardian - UK
Politics

When private equity companies prioritise profit over care home residents

Elderly woman with hand on radiator looking out of window
‘These silos of residents, many of whom live out their last few months in loneliness and isolation, pay tens of thousands of pounds a year for the privilege.’ Photograph: Alamy

Your editorial on the failures of the privatisation of care services (7 October) rightly highlights the shameful situation that has developed for older people in residential care. The Nuffield Foundation’s research clearly shows that the increasing outsourcing of this provision is associated with lower standards of care.

I have known many care home staff and managers, but never known any who do not want the best for their residents. However, nearly all the largest private providers of care home places for older people are now owned by offshore private equity companies for whom profit is the prime motivation. For these companies, economies of scale, low wages, minimum staffing and cost-cutting are the order of the day. They open larger and larger care homes, often built on cheap land, well away from local communities. These silos of residents, many of whom live out their last few months in loneliness and isolation, pay tens of thousands of pounds a year for the privilege. They often have to spend their savings, and most likely will sell their house to fund their care.

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