Why are private equity investors buying up fostering agencies & homes in England?
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer -
Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 Shouldn't that be pirate equity investors?
See also: vulture capitalists.
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 This is what privatisation really looks like. Steady revenue streams, no competition, statutory guarantees of a market, bugger all quality control
It's easy money, and it's big money.
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 because there's a moral hazard and that means opportunities for exploitation where the cost will not be borne by the business.
C.f. Aged care homes in Australia.
You can starve and abandon vulnerable people in care and nobody notices if the industry isn't heavily regulated and monitored. And if the vulnerable die or leave care, well - that's another spot opened up! (Make sure you get that hefty onboarding fee for each new child/aged person taken into care.)Privatised care facilities are ghoul factories.
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 Ah, interesting. I went down this rabbit hole a couple of days ago via a new SEND school being set up locally. This led to a multi-school & fostering org called Compass. Look behind Compass & find a PE called Granite who seem to have sold to another one called Cap10. Separately, a number of smallish independent schools have also been bought. Thanks for the tip - I'll go & see if I can get hold of the Observer.
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 This sounds very similar to the education sector, where commercial interests have dug in deep, (under the radar), by taking control of exam boards they sell highly profitable curriculum materials etc. And PFI.
The common core is that in both sectors there’s a tiny pot of cash per kid, but with a lot of kids in the system that means a lot of cash to siphon off. -
@ChrisMayLA6 This sounds very similar to the education sector, where commercial interests have dug in deep, (under the radar), by taking control of exam boards they sell highly profitable curriculum materials etc. And PFI.
The common core is that in both sectors there’s a tiny pot of cash per kid, but with a lot of kids in the system that means a lot of cash to siphon off.@TerryBTwo @ChrisMayLA6 yes. This slavish adherence to the bizarre notion that in all cases private equals better will be the destruction of us all. However keen they may be to provide the service their main focus will always be on profit first and foremost.
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Why are private equity investors buying up fostering agencies & homes in England?
Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.
What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.
Once again we are seeing profiteering on the backs of the vulnerable!
#children #PrivateEquity
h/t Observer@ChrisMayLA6 it's always the same game
https://pluralistic.net/2022/11/17/the-doctor-will-fleece-you-now/ -
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