Private equity involvement in care placements needs reviewing amid concerning profit and debt levels

The LGA’s report shows that some independent providers of children’s residential and fostering placements are achieving profits of more than 20 per cent on their income. The Government’s review of children’s social care needs to consider the impact of increasing private equity and stock market involvement in the system, the Local Government Association says today as it publishes new research showing that the six largest independent providers of placements made £219 million in profit last year. Read more .