Chai Patel, chairman of HC-One, has warned of care homes teetering on the edge and the risk of catastrophic failure due a funding shortfall.
HC-One is set to acquire more than 120 care homes from Bupa, a move that would make it the single largest operator of care homes in the country.
The company is looking to economies of scale to make the business profitable. Patel suggests the market will be dominated by six national chains which will benefit from economies of scale.
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