Care home profitability remains at ‘historically low levels’

Ian Trenholm, chief executive, CQC

The profitability of care homes remained at ‘historically low levels’ in 2022/23, analysis from the regulator has revealed. Using information from its market oversight scheme, it found continued financial pressures on care providers, resulting from staff costs, gas and electricity price rises, as well as inflation in food and other costs, have led to financial…

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