Thursday August 13, 2020

Top ten Irish care homes are supported by €300m from state

The biggest care home groups are increasing controlled by global funds, while family-owned groups are taking on investors or getting out of the business altogether

31st May, 2020
A physiotherapist at work with a patient in a care home: profit margins for care home operators run at 10 to 25 per cent

The rate of deaths in some nursing homes due to Covid-19 has trained a spotlight on how the sector in general is funded and run.

The elder care “market” is 77 per cent privately owned, but almost €1 billion worth of public funds goes to over 400 facilities through the Nursing Home Support (‘Fair Deal’) scheme each year.

Of this funding, the top ten operators as detailed below are supported by around €300...

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