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@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/ -
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 and simply because poverty stricken people don't have the money to fight injustices in courts
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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 There is a long running debate about private day care provision here in Norway.
There are strict rules about how much private owners can take out of the business as a private day care is supposed to be non-profit.
It has lead to a few cases in recent years where private day care owners went a bit too far with creative accounting sometimes taking out quite large sums out of their business.
Which was against the rules.
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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 I'm reminded of Oliver Twist and Jane Eyre again.
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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@zirk.us
I think the better question is: How & Why is anyone surprised this is happening?
There are answers, sadly they cost money that government can't afford, less than the private sector charges anyway.
See also "Adult Social Care" and what REALLY happens if you dare challenge the bastards. -
@ChrisMayLA6 There is a long running debate about private day care provision here in Norway.
There are strict rules about how much private owners can take out of the business as a private day care is supposed to be non-profit.
It has lead to a few cases in recent years where private day care owners went a bit too far with creative accounting sometimes taking out quite large sums out of their business.
Which was against the rules.
Thanks, very interesting - boosted
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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 Well, doctor and veterinary practices, funeral directors and other essential services have been (or are being) bought up for future high profits. This is a natural extension I suppose.
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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 I dunno man, the reason why a bunch of wealthy VCs want a souce of both vulnerable kids and private property is probably detailed in the Epstein files -
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 ObserverSame story with long term care facilities in Canada, where residents had worse experience (higher death rates) in private vs public facilities during Covid.
Plus, apparently there's some land speculation going on, where facilities are closed and sold to developers for a tidy profit.
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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 ObserverI would use stronger terminology here it’s profiteering off of child abuse. You could be more blunt and also say child trafficking, because that’s what it will definitely become when privatized
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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 …let me tell you a story about elder care in America…
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@ChrisMayLA6 Shouldn't that be pirate equity investors?
See also: vulture capitalists.
@wood5y @ChrisMayLA6, that “capitalists” needs an ‘r’.
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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 aren't most UK pensions invested in firms like BlackRock? Seems like an ouroboros situation
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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 ObserverIsn't anyone ofver there studyuing the US?
Oh. Never mind...they are and taking the very worst ideas we've ever invented, from private equity to filling cheaply made food with crap to make it more profitable.
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Isn't anyone ofver there studyuing the US?
Oh. Never mind...they are and taking the very worst ideas we've ever invented, from private equity to filling cheaply made food with crap to make it more profitable.
Sadly this is what the 'special relationship' amounts to... taking sides from the US that have proved dysfunctional for society & applying them on this side of the Atlantic
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@ChrisMayLA6 aren't most UK pensions invested in firms like BlackRock? Seems like an ouroboros situation
I think pensions schemes are more diversified than that... but it *is* a danger more widely
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