finlo Posted July 4, 2017 Share Posted July 4, 2017 Closed, all staff redundant all residents everyman for themselves thoughts? Link to comment Share on other sites More sharing options...
notwell Posted July 4, 2017 Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
finlo Posted July 4, 2017 Author Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
Non-Believer Posted July 4, 2017 Share Posted July 4, 2017 Any more info/sources, finlo? Link to comment Share on other sites More sharing options...
quilp Posted July 4, 2017 Share Posted July 4, 2017 * Link to comment Share on other sites More sharing options...
finlo Posted July 4, 2017 Author Share Posted July 4, 2017 8 minutes ago, Non-Believer said: Any more info/sources, finlo? Not really, but Cummal mooar next. Link to comment Share on other sites More sharing options...
Roger Mexico Posted July 4, 2017 Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
hboy Posted July 4, 2017 Share Posted July 4, 2017 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. :-) Link to comment Share on other sites More sharing options...
woolley Posted July 4, 2017 Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
notwell Posted July 4, 2017 Share Posted July 4, 2017 21 minutes ago, finlo said: Not really, but Cummal mooar next. For some reason I always though that wasn't entirely in private ownership. Link to comment Share on other sites More sharing options...
woolley Posted July 4, 2017 Share Posted July 4, 2017 Government owned as far as I know, Notty. Link to comment Share on other sites More sharing options...
finlo Posted July 4, 2017 Author Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
notwell Posted July 4, 2017 Share Posted July 4, 2017 Well it's unlikely to close. They'll spend to put it right. Link to comment Share on other sites More sharing options...
finlo Posted July 4, 2017 Author Share Posted July 4, 2017 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. Link to comment Share on other sites More sharing options...
woolley Posted July 4, 2017 Share Posted July 4, 2017 @ Finlo: Sorry if that was confusing. I meant Cummal Mooar is Govt, I think. I know Kings Reach is private. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.