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Care home profits up during pandemic

Thursday, 28 July 2022 11:49

The UK’s biggest care home chains saw their profit margins jump by 18% on average during the pandemic while the highest paid director’s salary surged to £2.3m

I'm Nick Meir with news that the UK’s biggest care home chains saw their profit margins jump by 18% on average during the pandemic while the highest paid director’s salary surged to £2.3m. That’s according to research by Surrey University and Unison trade union which found that six of the 10 biggest adult social care providers for whom data was available saw their underlying profit margins widen between 2019 and 2020, the first year of the pandemic. Christina McAnea, the Unison general secretary, said: “Root-and-branch reform is needed now with profiteering removed from social care.” For more care related stories stay with us here at Care Radio.

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