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finlo

Kings reach care home.

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Closed, all staff redundant all residents everyman for themselves  thoughts?

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That's a shame. There's enough pressure on elderly care without that happening.    Although it is surprising it can't make a profit. Assuming that is why it closed.

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5 minutes ago, notwell said:

That's a shame. There's enough pressure on elderly care without that happening.    Although it is surprising it can't make a profit. Assuming that is why it closed.

It can't make current regs, plenty more to follow.

5 minutes ago, notwell said:

That's a shame. There's enough pressure on elderly care without that happening.    Although it is surprising it can't make a profit. Assuming that is why it closed.

 

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Any more info/sources, finlo?

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*

Edited by quilp
Speculation fatigue

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8 minutes ago, Non-Believer said:

Any more info/sources, finlo?

Not really, but Cummal mooar next.

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Kings Reach is owned by Four Seasons Health Care.  They had some financial problems last year and the Wiki history gives a fairly typical story of over-expansion, ownership by various investment funds and over-valued property portfolios.  Whether there is a wider problem or whether this is the usual mantra of 'concentrating on the core business' (ie management can't be bothered with somewhere far from where they live), I don't know.

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23 minutes ago, notwell said:

That's a shame. There's enough pressure on elderly care without that happening.    Although it is surprising it can't make a profit. Assuming that is why it closed.

:-) 

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Care home sector should not be subject to the vagaries of property speculation and private equity ownership for a quick buck. They should be run in the third sector along housing association lines with charitable status and fees set for operation and maintenance only and not for profit.

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21 minutes ago, finlo said:

Not really, but Cummal mooar next.

For some reason I always though that wasn't entirely in private ownership. 

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6 minutes ago, notwell said:

For some reason I always though that wasn't entirely in private ownership. 

It isn't it's  a government facility but no longer makes the grade.

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6 minutes ago, notwell said:

Well it's unlikely to close. They'll spend to put it right.

That means loosing too many rooms to make it viable.

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@ Finlo: Sorry if that was confusing. I meant Cummal Mooar is Govt, I think. I know Kings Reach is private.

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