In services rated inadequate, people were found to be unwashed, unfed, unable to get out of bed and left at risk of harm. Corporate Watch’s investigation reveals that the care firm City & County Healthcare paid out £4.5m in the form of interest on loans during the last five years to its former owner, Sovereign Capital. The care firm Sevacare has also paid out £4.9m to its owners in rent and dividends, principally to its founder, Ravi Bains and his family, over the last five years. Meanwhile, care firm Mears Care, which made a loss last year and received an inter-company credit of around £27m in 2015, has paid out £15.8m to its parent company Mears Group over the last five years. Before that, the business had paid out £10.9m to Care UK, which is owned by European investment fund Bridgepoint Capital.

Source: The Guardian December 03, 2016 20:36 UTC