Dementia is a growth market, rising from 900,000 today to 1.6 million predicted to be suffering by 2040.
Gordon Sanders who owns Runwood Homes, a care home business, paid himself £21m in five years. He owns a mansion in Essex (£4m) and a flat in London’s Knightsbridge (£4.7m). In the last two years, the company made £43m profit on turnover of £301m – a 14 percent margin. The five largest care home chains made £578m in profit in 2020 – a 22 percent average return
Helen Wildbore of the Relatives & Residents Association, said: ‘Supporting people affected by dementia should be an honour and a privilege, not a way to make millions. This highlights the sad reality of care as a commodity…’ bit.ly/3iPo7UI.