Dementia is a growth market, rising from 900,000 today to 1.6 million predicted to be suffering by 2040. <\/p>\n
Gordon Sanders who owns Runwood Homes, a care home business, paid himself \u00a321m in five years. He owns a mansion in Essex (\u00a34m) and a flat in London\u2019s Knightsbridge (\u00a34.7m). In the last two years, the company made \u00a343m profit on turnover of \u00a3301m \u2013 a 14 percent margin. The five largest care home chains made \u00a3578m in profit in 2020 \u2013 a 22 percent average return <\/p>\n
Helen Wildbore of the Relatives & Residents Association, said: \u2018Supporting 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\u2026\u2019 bit.ly\/3iPo7UI<\/a>.<\/p>\n","protected":false},"template":"","class_list":["post-239383","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/239383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=239383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}