More than 100 care home operators collapsed in 2018, taking the total over five years to more than 400 and sparking warnings that patients in homes that close down could be left with nowhere to go but hospitals.
UK care home firms are buckling under the pressure of funding cuts, crippling debt and rising costs, according to research by the accountancy firm BDO.
It found that in the period between 2014 and 2016 there were an average of 69 care home company insolvencies per year. The number rose sharply to 123 in 2017 and another 101 collapsed last year.
Full story in The Guardian, 12 March 2019