Mixed messages as an extraordinary market sustains marginal operators

Posted on February 1st, by editor in Caring Times. No Comments

|By Ian Wilkie, director, GLP| Dr Richard Hawkins¹ insightful comment in the March issue of Caring Times highlighted the dichotomy in today¹s long-term care sector by asking why so many investors are seeking to increase their stake in the sector when operators are still bemoaning poor trading conditions. It is a fact that at the centre of operator complaints remains the thorny issue of local authority funding levels. This has once again been pushed to centre-stage by the Office of Fair Trading (OFT) investigation into the long term care sector, prompted by demands for a review from the Consumers¹ Association (CA) and 28 charities. The fact that the CA, and the charities involved, may be disappointed by the Hutton-esque remit adopted by the OFT does not remove the central issue of fee levels being a major influencing factor on current market conditions. The fact of the matter is that in a “free market”, when an operator is able to command fees, whether through top-ups or privately funded clients, which are

Comments are closed.

Latest blog posts

Shuffling to some purpose – or just fancy footwork?

By guest blogger JEF SMITH

Spare a thought if you will for the hard pressed people who have to update government information. Well into 2018, for...

Life support for the NHS

By Caring Times editor GEOFF HODGSON

To outline a comprehensive remedy for the ongoing and worsening woes of the beleaguered NHS would take a little more...

A flight of festive fancy

By Caring Times editor GEOFF HODGSON

Christmas Past: It’s cold outside but inside the care home the star atop the tree beams its rays of hope...