From care homes to cancer treatment, millions in taxpayer funds are being paid out of the system every year
If you are in a vulnerable situation in the UK because of your age, personal circumstances, violent crime or ill health, there is a strong chance that somebody somewhere – most likely an offshore private equity investor – will be making a profit out of your health and care.
In the case of older people needing care towards the end of their life, companies backed by private equity funds have been generating significant returns for decades. Our research at the Centre for Health and the Public Interest shows that around £1.5bn is taken out of the care home sector each year in the form of different types of returns to shareholders and investors.
David Rowland is the director of the Centre for Health and the Public Interest
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